Zion Oil & Gas (OTCMKTS:ZNOG) Stock Price Down 6.9% – Time to Sell?

Zion Oil & Gas Inc (OTCMKTS:ZNOGGet Free Report)’s stock price was down 6.9% during mid-day trading on Tuesday . The company traded as low as $0.5421 and last traded at $0.5421. Approximately 4,161,287 shares were traded during trading, a decline of 7% from the average daily volume of 4,450,692 shares. The stock had previously closed at $0.5820.

Zion Oil & Gas Stock Performance

The company has a market capitalization of $643.06 million, a price-to-earnings ratio of -0.31 and a beta of 0.60. The firm has a 50-day simple moving average of $0.40 and a two-hundred day simple moving average of $0.33.

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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