Zion Oil & Gas (OTCMKTS:ZNOG) Trading 8.6% Higher – Time to Buy?

Zion Oil & Gas Inc (OTCMKTS:ZNOGGet Free Report) shares rose 8.6% on Friday . The stock traded as high as $0.5490 and last traded at $0.5466. Approximately 1,394,420 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 4,539,870 shares. The stock had previously closed at $0.5031.

Zion Oil & Gas Stock Performance

The company’s 50-day moving average is $0.41 and its 200-day moving average is $0.34. The firm has a market cap of $609.07 million, a price-to-earnings ratio of -0.29 and a beta of 0.60.

Zion Oil & Gas Company Profile

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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.

Further Reading

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