Zion Oil & Gas (OTCMKTS:ZNOG) Trading 6.2% Higher – Should You Buy?

Zion Oil & Gas Inc (OTCMKTS:ZNOGGet Free Report)’s share price traded up 6.2% during trading on Wednesday . The stock traded as high as $0.2125 and last traded at $0.2064. 15,339,303 shares were traded during trading, an increase of 724% from the average session volume of 1,860,970 shares. The stock had previously closed at $0.1943.

Zion Oil & Gas Stock Up 6.2%

The firm has a market cap of $238.10 million, a price-to-earnings ratio of -0.12 and a beta of 0.36. The firm has a 50 day moving average of $0.18 and a 200 day moving average of $0.19.

About Zion Oil & Gas

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Zion Oil & Gas, Inc, together with its subsidiaries, operates as an oil and gas exploration company in Israel. It holds a petroleum exploration license onshore Israel, the New Megiddo License 434 comprising an area of approximately 75,000 acres. The company was incorporated in 2000 and is headquartered in Dallas, Texas.

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