Zion Oil & Gas Inc. [ZN] Stock trading around $0.35 per share: What’s Next?

Zion Oil & Gas Inc. [NASDAQ: ZN] stock went on an upward path that rose over 8.56% on Wednesday, amounting to a one-week price decrease of less than -14.70%. The company report on July 30, 2020 that Zion Oil & Gas, Inc. Receives Drilling Plan Approval for Next Well in Israel.

Drilling plan approved and site preparation to commence.

Zion Oil & Gas, Inc. (Nasdaq: ZN) announces formal approval from the Israel Ministry of Energy of its drilling plan for its next well in Israel.

Over the last 12 months, ZN stock rose by 12.86%.

The market cap for the stock reached $70.24 million, with 205.33 million shares outstanding and 194.41 million shares in the current float. Compared to the average trading volume of 7.96M shares, ZN stock reached a trading volume of 6658842 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Zion Oil & Gas Inc. [ZN]:

The Average True Range (ATR) for Zion Oil & Gas Inc. is set at 0.06 The Price to Book ratio for the last quarter was 2.67, with the Price to Cash per share for the same quarter was set at 0.04.

ZN Stock Performance Analysis:

Zion Oil & Gas Inc. [ZN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.70. With this latest performance, ZN shares gained by 65.68% in over the last four-week period, additionally plugging by 74.67% over the last 6 months – not to mention a rise of 12.86% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ZN stock in for the last two-week period is set at 48.32, with the RSI for the last a single of trading hit 45.30, and the three-weeks RSI is set at 50.68 for Zion Oil & Gas Inc. [ZN]. The present Moving Average for the last 50 days of trading for this stock 0.3154, while it was recorded at 0.3576 for the last single week of trading, and 0.2507 for the last 200 days.

Insight into Zion Oil & Gas Inc. Fundamentals:

Return on Total Capital for ZN is now -51.79, given the latest momentum, and Return on Invested Capital for the company is -56.39. Return on Equity for this stock declined to -72.54, with Return on Assets sitting at -42.94. When it comes to the capital structure of this company, Zion Oil & Gas Inc. [ZN] has a Total Debt to Total Equity ratio set at 24.63. Additionally, ZN Total Debt to Total Capital is recorded at 19.76, with Total Debt to Total Assets ending up at 17.59. Long-Term Debt to Equity for the company is recorded at 22.84, with the Long-Term Debt to Total Capital now at 18.32.

Reflecting on the efficiency of the workforce at the company, Zion Oil & Gas Inc. [ZN] managed to generate an average of -$267,720 per employee.Zion Oil & Gas Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.50 and a Current Ratio set at 2.50.

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