Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report) shares fell 5% on Tuesday . The company traded as low as $0.4654 and last traded at $0.4735. 1,061,359 shares were traded during trading, a decline of 76% from the average session volume of 4,392,281 shares. The stock had previously closed at $0.4985.
Zion Oil & Gas Price Performance
The stock has a market capitalization of $509.95 million, a P/E ratio of -0.24 and a beta of 0.66. The company’s 50-day simple moving average is $0.49 and its 200-day simple moving average is $0.39.
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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