Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report)’s stock price shot up 5.9% during trading on Wednesday . The company traded as high as $0.4475 and last traded at $0.4380. Approximately 361,110 shares changed hands during trading, a decline of 91% from the average session volume of 4,211,290 shares. The stock had previously closed at $0.4135.
Zion Oil & Gas Stock Performance
The firm has a market capitalization of $495.44 million, a P/E ratio of -0.24 and a beta of 0.66. The firm has a 50 day moving average price of $0.49 and a two-hundred day moving average price of $0.41.
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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