Zion Oil & Gas (OTCMKTS:ZNOG) Trading Down 0.8% - Here's Why

Key Points

• Shares traded down 0.8% to $0.4124 on Tuesday (intraday low $0.40) with volume of 3,505,796 shares, an 81% increase versus average session volume.
• Zion Oil & Gas is a U.S.-based oil and gas exploration company focused on finding and developing hydrocarbons in Israel, holding interests in concessions in the Galilee and Shefla basins.
• Key metrics: 50-day SMA $0.38, 200-day SMA $0.30, market cap $487.84M, trailing P/E -0.23, and beta 0.54.

Zion Oil & Gas Inc (OTCMKTS:ZNOG - Get Free Report) shares traded down 0.8% on Tuesday . The stock traded as low as $0.40 and last traded at $0.4124. 3,505,796 shares were traded during trading, an increase of 81% from the average session volume of 1,941,414 shares. The stock had previously closed at $0.4157.

Zion Oil & Gas Trading Down 0.8%

The business's fifty day simple moving average is $0.38 and its 200-day simple moving average is $0.30. The firm has a market cap of $487.84 million, a P/E ratio of -0.23 and a beta of 0.54.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.