Zion Oil & Gas (OTCMKTS:ZNOG) Shares Down 9.2% – Time to Sell?

by · The Markets Daily

Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report)’s share price traded down 9.2% during trading on Monday . The stock traded as low as $0.4939 and last traded at $0.4993. 1,839,810 shares traded hands during trading, a decline of 59% from the average session volume of 4,525,638 shares. The stock had previously closed at $0.5498.

Zion Oil & Gas Stock Up 0.4%

The company has a 50-day moving average of $0.46 and a 200 day moving average of $0.37. The firm has a market capitalization of $608.45 million, a PE ratio of -0.29 and a beta of 0.63.

Zion Oil & Gas Company Profile

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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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