Boston, MA 06/13/2013 (wallstreetpr) – The share prices of Zion Oil & Gas Inc. (NASDAQ:ZN) had surged by 7.36 percent to close at $1.75 per share for the end of last trading session on Wednesday. The shares of the company had been trading in the range of $1.66 to $1.80 per share during the day. The shares of Zion Oil & Gas Inc. (NASDAQ:ZN) had recorded 52 week high price level of $3.00 per share and 52 week low price level of $0.81 per share.
This recent surge in share prices of Zion Oil & Gas Inc. (NASDAQ:ZN) had enabled the company to find a place in the growing stock report of NASDAQ gainers’ watch list. The company is presently trading at around 100 percent higher than its 52 week low price level, which had attracted many investors towards the share.
Zion Oil & Gas Inc. (NASDAQ:ZN) with its operations primarily based in Israel is involved in the ownership and exploration of oil and natural gas properties in the region. The company presently holds three major exploration licenses, which are all located in the onshore of Israel and include the Joseph License, the Asher Menashe License and the Jordan Valley License. The shares of Zion Oil & Gas Inc. (NASDAQ:ZN) had recently been witnessing heavy trading volumes with nearly 423408 shares being exchanged hands on Wednesday, while the average trading volume of the company is at 89,603 shares per day.
Zion Oil & Gas Inc. (NASDAQ:ZN) presently holds 32.77 million shares outstanding in the market with an institutional ownership of 3 percent of its holdings.
