Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report)’s stock price dropped 5% on Tuesday . The company traded as low as $0.4654 and last traded at $0.4735. 1,061,359 shares were traded during trading, a decline of 76% from the average session volume of 4,392,281 shares. The stock had previously closed at $0.4985.
Zion Oil & Gas Trading Down 5.7%
The firm has a market cap of $558.68 million, a price-to-earnings ratio of -0.27 and a beta of 0.63. The stock has a 50-day moving average of $0.49 and a 200-day moving average of $0.39.
About Zion Oil & Gas
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
- Five stocks we like better than Zion Oil & Gas
- The Quantum Bubble Is Real Enough to Take Seriously
- Why Wall Street Still Sees Massive Upside for AeroVironment Stock
- Why AppLovin’s CEO Is Selling While Quantum Insiders Are Buying
- Volkswagen’s 16-Year Low Masks a Massive Margin Engine
Receive News & Ratings for Zion Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zion Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.
