Zion Oil & Gas (NASDAQ:ZN) Stock Price Down 10.3%

Zion Oil & Gas, Inc. (NASDAQ:ZN) dropped 10.3% during trading on Wednesday . The company traded as low as $0.26 and last traded at $0.26, approximately 1,538,500 shares changed hands during trading. An increase of 123% from the average daily volume of 690,304 shares. The stock had previously closed at $0.29.

The stock has a 50-day moving average of $0.31 and a 200 day moving average of $0.47. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.38.

Zion Oil & Gas (NASDAQ:ZN) last released its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported ($0.02) EPS for the quarter.

A hedge fund recently bought a new stake in Zion Oil & Gas stock. Paloma Partners Management Co acquired a new stake in Zion Oil & Gas, Inc. (NASDAQ:ZN) during the second quarter, according to its most recent filing with the SEC. The firm acquired 235,438 shares of the oil and gas producer’s stock, valued at approximately $79,000. Paloma Partners Management Co owned about 0.30% of Zion Oil & Gas as of its most recent filing with the SEC. 8.99% of the stock is owned by hedge funds and other institutional investors.

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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