Zion Oil & Gas (OTCMKTS:ZNOG) Shares Up 11.4% – Should You Buy?

by · The Markets Daily

Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report)’s share price was up 11.4% during trading on Thursday . The stock traded as high as $0.60 and last traded at $0.5959. Approximately 3,504,906 shares changed hands during trading, a decline of 22% from the average daily volume of 4,517,377 shares. The stock had previously closed at $0.5350.

Zion Oil & Gas Stock Performance

The business’s 50-day moving average is $0.42 and its 200-day moving average is $0.34. The company has a market capitalization of $718.50 million, a PE ratio of -0.34 and a beta of 0.63.

About Zion Oil & Gas

(Get Free Report)

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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