Zion Oil & Gas (OTCMKTS:ZNOG) Stock Price Down 6% – Time to Sell?

Shares of Zion Oil & Gas Inc (OTCMKTS:ZNOGGet Free Report) dropped 6% during mid-day trading on Tuesday . The company traded as low as $0.4411 and last traded at $0.4450. Approximately 1,265,537 shares changed hands during trading, a decline of 65% from the average session volume of 3,585,412 shares. The stock had previously closed at $0.4733.

Zion Oil & Gas Stock Performance

The company has a 50 day moving average price of $0.43 and a two-hundred day moving average price of $0.44.

Zion Oil & Gas Company Profile

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Zion Oil & Gas, Inc is an exploration-stage oil and natural gas company focused on identifying and developing petroleum resources in Israel. The company’s activities include geological and geophysical evaluation, licensing, exploration drilling, and the assessment of potential hydrocarbon prospects.

Zion Oil & Gas has historically concentrated its operations in onshore areas of northern Israel, including the Jezreel Valley and the broader region associated with the Megiddo-Jezreel exploration project.

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