Shares of Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report) were up 8.6% during trading on Friday . The stock traded as high as $0.5490 and last traded at $0.5466. Approximately 1,394,420 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 4,539,870 shares. The stock had previously closed at $0.5031.
Zion Oil & Gas Trading Down 3.8%
The firm’s fifty day moving average price is $0.41 and its 200 day moving average price is $0.34. The stock has a market capitalization of $573.84 million, a price-to-earnings ratio of -0.27 and a beta of 0.60.
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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