Zion Oil & Gas (OTCMKTS:ZNOG) Shares Up 10.3% – Time to Buy?

Shares of Zion Oil & Gas Inc (OTCMKTS:ZNOGGet Free Report) were up 10.3% during trading on Friday . The company traded as high as $0.4688 and last traded at $0.4630. 636,738 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 4,326,520 shares. The stock had previously closed at $0.4199.

Zion Oil & Gas Stock Performance

The company’s 50-day moving average price is $0.49 and its two-hundred day moving average price is $0.40. The stock has a market cap of $517.08 million, a PE ratio of -0.25 and a beta of 0.66.

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.

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