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

Shares of Zion Oil & Gas Inc (OTCMKTS:ZNOGGet Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $0.45 and last traded at $0.4487, with a volume of 784507 shares changing hands. The stock had previously closed at $0.4421.

Zion Oil & Gas Stock Up 1.3%

The firm has a market capitalization of $530.85 million, a PE ratio of -0.25 and a beta of 0.60. The company’s 50-day simple moving average is $0.39 and its 200 day simple moving average is $0.32.

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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