Zion Oil & Gas (OTCMKTS:ZNOG) Sets New 52-Week High – Should You Buy?

Zion Oil & Gas Inc (OTCMKTS:ZNOGGet Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $0.4369 and last traded at $0.4369, with a volume of 6243648 shares trading hands. The stock had previously closed at $0.4181.

Zion Oil & Gas Stock Performance

The stock has a fifty day moving average of $0.39 and a 200 day moving average of $0.30. The company has a market capitalization of $509.14 million, a PE ratio of -0.24 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.

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