Zion Oil & Gas (OTCMKTS:ZNOG) Reaches New 12-Month High – Should You Buy?

Zion Oil & Gas Inc (OTCMKTS:ZNOGGet Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $0.4369 and last traded at $0.4369, with a volume of 6243648 shares traded. The stock had previously closed at $0.4181.

Zion Oil & Gas Trading Up 2.3%

The business has a 50-day moving average price of $0.39 and a 200-day moving average price of $0.31. The firm has a market cap of $517.31 million, a P/E ratio of -0.25 and a beta of 0.60.

Zion Oil & Gas Company Profile

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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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