Basic Materials Sector Feels Loss of 3.65% for Zion Oil & Gas Inc (ZN) in Early Trading on September 20

Zion Oil & Gas Inc (ZN) started the trading day on a down note, making it one of the worst performing stocks in the basic materials sector of NYSE and NASDAQ listed companies shortly after the opening bell on September 20. Shares of ZN have fallen 3.65% about 30 minutes into the session to $1.32 after closing the day prior at $1.37. It’s early, but the stock has traded as high as $1.37 and as low as $1.32 so far. Today's quick decline has come with about 4,121 shares changing hands, compared to an average 30-day volume of 67,023 for Zion Oil & Gas Inc. The price is currently below the 30-day volume weighted average price of $1.34 for ZN. The share depreciation gives the company a market capitalization of $56.1 million based upon 40.95 million shares outstanding. It also means that ZN has a price-to-book ratio of 6.37:1. In the past 52 weeks, shares of ZN have traded as low as $1.26 and as high as $2.09. Technical traders will take note that at $1.32, shares of ZN are trading below their 200-day MA at $1.64 and below their 50-day MA at $1.39. 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 below them is typically regarded as bearish. 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. For more information on ZN and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today. All data provided by QuoteMedia, with stock data accurate as of 9:30 AM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information. About FinancialPress.com FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.