Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report)’s share price shot up 9.6% on Wednesday . The stock traded as high as $0.5750 and last traded at $0.56. 1,884,756 shares were traded during trading, a decline of 58% from the average session volume of 4,519,494 shares. The stock had previously closed at $0.5108.
Zion Oil & Gas Stock Performance
The company has a 50-day simple moving average of $0.46 and a two-hundred day simple moving average of $0.37. The firm has a market capitalization of $613.08 million, a P/E ratio of -0.29 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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