Shares of Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report) fell 7.8% on Friday . The stock traded as low as $0.4201 and last traded at $0.4375. 576,958 shares traded hands during trading, a decline of 86% from the average daily volume of 4,173,925 shares. The stock had previously closed at $0.4745.
Zion Oil & Gas Trading Down 6.4%
The firm has a fifty day moving average of $0.49 and a two-hundred day moving average of $0.42. The company has a market cap of $528.55 million, a PE ratio of -0.25 and a beta of 0.66.
Zion Oil & Gas Company Profile
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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