Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report)’s share price fell 5% during mid-day trading on Tuesday . The stock traded as low as $0.4654 and last traded at $0.4735. Approximately 1,061,359 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 4,392,281 shares. The stock had previously closed at $0.4985.
Zion Oil & Gas Trading Down 5.7%
The stock’s fifty day moving average price is $0.49 and its two-hundred day moving average price is $0.39. The stock has a market capitalization of $558.68 million, a P/E ratio of -0.27 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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