Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report)’s stock price fell 1.3% during trading on Tuesday . The stock traded as low as $0.3972 and last traded at $0.4046. 2,972,538 shares traded hands during trading, a decline of 7% from the average session volume of 3,191,725 shares. The stock had previously closed at $0.41.
Zion Oil & Gas Trading Down 1.3%
The business’s 50 day simple moving average is $0.34 and its two-hundred day simple moving average is $0.24. The firm has a market capitalization of $476.39 million, a P/E ratio of -0.23 and a beta of 0.38.
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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