Zion Oil & Gas (NASDAQ:ZN) Shares Pass Below 50 Day Moving Average of $0.32

Zion Oil & Gas, Inc. (NASDAQ:ZN) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.32 and traded as low as $0.29. Zion Oil & Gas shares last traded at $0.32, with a volume of 38,474 shares trading hands.

The company has a fifty day moving average of $0.32 and a 200-day moving average of $0.48. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.38.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in shares of Zion Oil & Gas by 18.5% in the 4th quarter. Geode Capital Management LLC now owns 647,448 shares of the oil and gas producer’s stock worth $270,000 after buying an additional 100,863 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Zion Oil & Gas during the second quarter valued at approximately $79,000. Finally, Morgan Stanley lifted its holdings in Zion Oil & Gas by 22.9% during the second quarter. Morgan Stanley now owns 302,401 shares of the oil and gas producer’s stock worth $101,000 after acquiring an additional 56,403 shares during the period. 8.99% of the stock is currently owned by hedge funds and other institutional investors.

Zion Oil & Gas Company Profile (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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