Zion Oil & Gas (ZN) Sets New 52-Week Low at $0.41
Shares of Zion Oil & Gas, Inc. (NASDAQ:ZN) reached a new 52-week low on Friday . The company traded as low as $0.41 and last traded at $0.41, with a volume of 311180 shares trading hands. The stock had previously closed at $0.43.
The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.06.
Several hedge funds have recently made changes to their positions in ZN. Rhumbline Advisers bought a new stake in shares of Zion Oil & Gas in the second quarter worth approximately $192,000. Bank of New York Mellon Corp grew its stake in shares of Zion Oil & Gas by 248.9% in the second quarter. Bank of New York Mellon Corp now owns 139,160 shares of the oil and gas producer’s stock worth $564,000 after acquiring an additional 99,274 shares during the period. Schwab Charles Investment Management Inc. bought a new stake in shares of Zion Oil & Gas in the second quarter worth approximately $404,000. BlackRock Inc. grew its stake in shares of Zion Oil & Gas by 766.6% in the second quarter. BlackRock Inc. now owns 2,851,047 shares of the oil and gas producer’s stock worth $11,560,000 after acquiring an additional 2,522,054 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Zion Oil & Gas by 433.9% in the second quarter. Northern Trust Corp now owns 594,337 shares of the oil and gas producer’s stock worth $2,410,000 after acquiring an additional 483,015 shares during the period. Hedge funds and other institutional investors own 14.18% of the company’s stock.
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Zion Oil & Gas, Inc operates as an oil and gas exploration company in Israel. It holds a petroleum exploration license onshore Israel, the Megiddo-Jezreel License that covers an area of approximately 99,000 acres. The company was founded in 2000 and is based in Dallas, Texas.
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