Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report) dropped 7.8% on Friday . The company traded as low as $0.4201 and last traded at $0.4375. Approximately 576,958 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 4,173,925 shares. The stock had previously closed at $0.4745.
Zion Oil & Gas Stock Performance
The company has a 50 day moving average of $0.49 and a 200-day moving average of $0.42. The stock has a market cap of $528.44 million, a price-to-earnings ratio of -0.25 and a beta of 0.66.
About Zion Oil & Gas
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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