Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report) shares traded up 5.6% during trading on Tuesday . The company traded as high as $0.57 and last traded at $0.5650. 595,984 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 4,480,646 shares. The stock had previously closed at $0.5351.
Zion Oil & Gas Price Performance
The company’s 50-day simple moving average is $0.48 and its 200-day simple moving average is $0.38. The stock has a market capitalization of $593.94 million, a price-to-earnings ratio of -0.28 and a beta of 0.63.
Zion Oil & Gas Company Profile
Zion Oil & Gas Inc (OTCMKTS: ZNOG) is a United States–based oil and gas exploration company focused on identifying and developing hydrocarbon resources in Israel. The company’s primary activities include land leasing, geological and geophysical surveying, seismic data acquisition, exploratory drilling and reservoir evaluation. Zion Oil & Gas seeks to discover commercial quantities of oil and natural gas in underexplored onshore basins and to advance potential discoveries through appraisal and development planning.
Zion holds interests in several concessions in northern Israel, including areas around the Galilee Basin and the Shefla Basin.
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