Zion Oil & Gas (NASDAQ:ZN) Sees Strong Trading Volume

Zion Oil & Gas, Inc. (NASDAQ:ZN) saw strong trading volume on Wednesday . 4,226,464 shares were traded during trading, an increase of 537% from the previous session’s volume of 663,103 shares.The stock last traded at $0.37 and had previously closed at $0.35.

The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.53. The firm’s 50 day simple moving average is $0.38.

Zion Oil & Gas (NASDAQ:ZN) last released its earnings results on Tuesday, May 14th. The oil and gas producer reported ($0.03) earnings per share for the quarter.

A hedge fund recently raised its stake in Zion Oil & Gas stock. Rhumbline Advisers raised its stake in shares of Zion Oil & Gas, Inc. (NASDAQ:ZN) by 49.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 66,482 shares of the oil and gas producer’s stock after purchasing an additional 22,080 shares during the quarter. Rhumbline Advisers owned 0.10% of Zion Oil & Gas worth $28,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 10.73% of the company’s stock.

About Zion Oil & Gas (NASDAQ:ZN)

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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