Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report) shares were up 5.9% on Wednesday . The stock traded as high as $0.4475 and last traded at $0.4380. Approximately 361,110 shares traded hands during trading, a decline of 91% from the average daily volume of 4,211,290 shares. The stock had previously closed at $0.4135.
Zion Oil & Gas Price Performance
The stock’s fifty day simple moving average is $0.49 and its 200-day simple moving average is $0.41. The stock has a market cap of $495.44 million, a P/E ratio of -0.24 and a beta of 0.66.
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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