Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report)’s stock price shot up 5.6% during mid-day trading on Tuesday . The company traded as high as $0.57 and last traded at $0.5650. Approximately 595,984 shares traded hands during trading, a decline of 87% from the average daily volume of 4,480,646 shares. The stock had previously closed at $0.5351.
Zion Oil & Gas Stock Performance
The stock has a market capitalization of $653.33 million, a price-to-earnings ratio of -0.31 and a beta of 0.63. The company has a fifty day simple moving average of $0.47 and a two-hundred day simple moving average of $0.38.
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.
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