Shares of Zion Oil & Gas, Inc. (NASDAQ:ZN) hit a new 52-week low on Wednesday . The stock traded as low as $0.48 and last traded at $0.49, with a volume of 31148 shares. The stock had previously closed at $1.19.

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.60 and a current ratio of 1.60.

Several large investors have recently modified their holdings of the company. Rhumbline Advisers purchased a new stake in Zion Oil & Gas in the 2nd quarter valued at $192,000. Morgan Stanley raised its position in Zion Oil & Gas by 132.6% in the 3rd quarter. Morgan Stanley now owns 293,942 shares of the oil and gas producer’s stock valued at $376,000 after purchasing an additional 167,593 shares during the last quarter. Schwab Charles Investment Management Inc. purchased a new stake in Zion Oil & Gas in the 2nd quarter valued at $404,000. Bank of New York Mellon Corp raised its position in Zion Oil & Gas by 248.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 139,160 shares of the oil and gas producer’s stock valued at $564,000 after purchasing an additional 99,274 shares during the last quarter. Finally, Millennium Management LLC raised its position in Zion Oil & Gas by 239.4% in the 1st quarter. Millennium Management LLC now owns 299,790 shares of the oil and gas producer’s stock valued at $1,427,000 after purchasing an additional 211,471 shares during the last quarter. Institutional investors and hedge funds own 14.01% of the company’s stock.

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Zion Oil & Gas Company Profile (NASDAQ:ZN)

Zion Oil & Gas, Inc operates as an oil and gas exploration company in Israel. It holds a petroleum exploration license onshore Israel, the Megiddo-Jezreel License that covers an area of approximately 99,000 acres. The company was founded in 2000 and is based in Dallas, Texas.

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