Zion Oil & Gas Inc (ZN) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector during morning trading on July 26. At the lunch break, shares of ZN have gained 5.71% to $1.48 after closing the day prior at $1.4. In the first two and a half hours of trading, the stock has gone as high as $1.55 and as low as $1.4. Today's rise has come with about 267,303 shares changing hands, compared to an average 30-day volume of 57,501 for Zion Oil & Gas Inc. The price is currently below the 30-day volume weighted average price of $1.49 for ZN.
The share appreciation gives the company a market capitalization of $54.8 million based upon 39.15 million shares outstanding. It also means that ZN has a price-to-book ratio of 6.76:1.
In the past 52 weeks, shares of ZN have traded as low as $1.32 and as high as $2.09. Technical traders will take note that at $1.48, shares of ZN are trading below their 200-day MA at $1.76 and below their 50-day MA at $1.52. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is ZN?
Zion Oil & Gas Inc is an oil and gas exploration company. It holds one active petroleum exploration license onshore Israel, the Megiddo-Jezreel License. The company’s 21 employees are led by CEO Victor G. Carrillo from the corporate headquarters at 12655 North Central Expressway in Dallas, TX.
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Source: Financial Press News
(July 26, 2016 - 7:14 PM EDT)
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