Shares of Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report) traded up 9.5% during mid-day trading on Thursday . The company traded as high as $0.5979 and last traded at $0.5840. 4,285,520 shares were traded during trading, a decline of 1% from the average session volume of 4,334,137 shares. The stock had previously closed at $0.5335.
Zion Oil & Gas Trading Up 1.6%
The stock’s 50 day moving average price is $0.40 and its two-hundred day moving average price is $0.32. The firm has a market capitalization of $689.63 million, a PE ratio of -0.33 and a beta of 0.60.
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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