Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report) shares saw an uptick in trading volume on Wednesday . 2,938,943 shares changed hands during mid-day trading, a decline of 31% from the previous session’s volume of 4,262,047 shares.The stock last traded at $0.4674 and had previously closed at $0.4531.
Zion Oil & Gas Stock Performance
The firm’s 50-day simple moving average is $0.40 and its 200-day simple moving average is $0.32. The company has a market capitalization of $678.85 million, a price-to-earnings ratio of -0.32 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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