Zion Oil & Gas (NASDAQ:ZN) Sees Unusually-High Trading Volume

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Zion Oil & Gas, Inc. (NASDAQ:ZN) shares saw strong trading volume on Wednesday . 4,226,464 shares changed hands during mid-day trading, an increase of 537% from the previous session’s volume of 663,103 shares.The stock last traded at $0.37 and had previously closed at $0.35.

The stock has a fifty day simple moving average of $0.38. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.21 and a current ratio of 1.21.

Zion Oil & Gas (NASDAQ:ZN) last posted its earnings results on Tuesday, May 14th. The oil and gas producer reported ($0.03) earnings per share for the quarter.

An institutional investor recently raised its position in Zion Oil & Gas stock. Rhumbline Advisers grew its position in Zion Oil & Gas, Inc. (NASDAQ:ZN) by 49.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,482 shares of the oil and gas producer’s stock after purchasing an additional 22,080 shares during the period. Rhumbline Advisers owned about 0.10% of Zion Oil & Gas worth $28,000 at the end of the most recent reporting period. 10.73% of the stock is owned by institutional investors.

Zion Oil & Gas Company Profile (NASDAQ:ZN)

Zion Oil & Gas, Inc operates as an oil and gas exploration company in Israel. It holds a petroleum exploration license onshore Israel, the Megiddo-Jezreel License that covers an area of approximately 99,000 acres. The company was founded in 2000 and is based in Dallas, Texas.

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