Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $0.45 and last traded at $0.4487, with a volume of 784507 shares changing hands. The stock had previously closed at $0.4421.
Zion Oil & Gas Price Performance
The stock has a market cap of $530.85 million, a price-to-earnings ratio of -0.25 and a beta of 0.60. The company’s fifty day moving average price is $0.39 and its 200-day moving average price is $0.32.
Zion Oil & Gas Company Profile
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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