Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report) rose 9.1% during trading on Wednesday. The stock traded as high as $0.39 and last traded at $0.3850. Approximately 1,784,433 shares were traded during trading, a decline of 46% from the average daily volume of 3,331,486 shares. The stock had previously closed at $0.3530.
Zion Oil & Gas Price Performance
The stock has a 50 day simple moving average of $0.42 and a two-hundred day simple moving average of $0.42.
About Zion Oil & Gas
Zion Oil & Gas, Inc is an exploration-stage oil and gas company focused on identifying and developing petroleum resources in Israel. The company’s activities include geological and geophysical studies, license management, exploration drilling and the evaluation of potential oil and natural gas discoveries.
Founded in 2000, Zion Oil & Gas has historically concentrated its exploration efforts in northern Israel, particularly the broader Megiddo-Jezreel Valley area. Its operations have included seismic surveys and the drilling of exploratory wells intended to assess subsurface formations and determine whether commercially viable hydrocarbon resources are present.
As an exploration company, Zion Oil & Gas does not operate a broad portfolio of consumer products or established production services.
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