Zion Oil & Gas (OTCMKTS:ZNOG) Sets New 1-Year High – Here’s Why

Zion Oil & Gas Inc (OTCMKTS:ZNOGGet Free Report) hit a new 52-week high on Saturday . The company traded as high as $0.6995 and last traded at $0.6489, with a volume of 6382212 shares traded. The stock had previously closed at $0.6188.

Zion Oil & Gas Trading Up 4.9%

The company has a market capitalization of $769.87 million, a PE ratio of -0.37 and a beta of 0.63. The business’s fifty day moving average is $0.44 and its two-hundred day moving average is $0.35.

Zion Oil & Gas Company Profile

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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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