Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report) gapped up before the market opened on Wednesday. The stock had previously closed at $0.4261, but opened at $0.44. Zion Oil & Gas shares last traded at $0.4349, with a volume of 55,517 shares trading hands.
Zion Oil & Gas Price Performance
The company’s 50-day moving average is $0.43 and its 200-day moving average is $0.44.
Zion Oil & Gas Company Profile
Zion Oil & Gas, Inc is an independent oil and natural gas exploration company focused on identifying and developing petroleum resources in Israel. The company’s activities include geological and geophysical studies, seismic surveying, exploration-well planning, drilling and evaluation of potential hydrocarbon discoveries.
Founded in 2000, Zion Oil & Gas has concentrated its exploration efforts in onshore areas of northern Israel, including the Megiddo-Jezreel Valley region. Its work has involved obtaining exploration rights, conducting seismic surveys and drilling exploratory wells to assess the presence of commercial quantities of oil and natural gas.
The company is headquartered in Dallas, Texas, and carries out its exploration program through operations and affiliated entities in Israel.
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