Zion Oil & Gas Inc (OTCMKTS:ZNOG – Get Free Report)’s stock price dropped 5.9% during trading on Wednesday . The company traded as low as $0.5140 and last traded at $0.5165. 608,315 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 3,700,337 shares. The stock had previously closed at $0.5491.
Zion Oil & Gas Stock Performance
The company’s 50-day moving average price is $0.42 and its two-hundred day moving average price is $0.43.
About Zion Oil & Gas
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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