Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report) traded up 11.4% on Thursday . The stock traded as high as $0.60 and last traded at $0.5959. 3,504,906 shares were traded during mid-day trading, a decline of 22% from the average session volume of 4,517,377 shares. The stock had previously closed at $0.5350.
Zion Oil & Gas Stock Up 4.9%
The company’s fifty day simple moving average is $0.44 and its two-hundred day simple moving average is $0.35. The company has a market capitalization of $769.87 million, a price-to-earnings ratio of -0.37 and a beta of 0.63.
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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