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Stock Spotlight: Zion Oil & Gas, Inc. (ZN)

Zion Oil & Gas, Inc. (ZN)

Zion Oil & Gas, Inc. (ZN) revealed a movement of -25.50% and settled at the share price of $0.39 on close of Tuesday trading session. ZN stock observed the trading of 26001288 shares, while an average trading volume registered with 2.86M shares. Volume can offer useful information when day trading. If for nothing else, use volume to help isolate stocks you want to day trade. Ideally, your day-trading stocks should have lots of average volume so you can enter and exit easily.

Volume can also be used to analyze the trend of a stock, helping to assess the likelihood that the trend will continue to reverse. Volume analysis isn’t perfect and it offers only supplemental information, so you don’t need to feel pressured to start analyzing volume to day trade successfully.

The stock recorded 24.28% monthly volatility. For the last week, the stock has an average volatility of 50.31%. 1.40% of shares are owned by insiders’ investors and 4.50% shares are owned by institutional investors.

Shares of Zion Oil & Gas, Inc. (ZN) have been seen trading 6.54% away from the 200-day moving average and 104.20% off the 50-day moving average while 110.04% off the 20-day moving average. One of the widely used tools is the simple moving averages. When the price of the stock rises above the moving average, it’s a buy signal, and when the price falls below the moving average, it is a sell signal. The stock is currently trading -67.72% away from the 52-week high and separated 222.83% from the 52-week low.

ROE is -532.60%. ROE, or net profit divided by equity capital, shows profit earned in comparison with shareholder money. The higher the ratio, the more efficient the company is in using shareholder capital. ROA is at -278.90%. ROA, or net profit by total assets, shows how efficient the management is at using assets to generate earnings.

Presently RSI indicator value is noted at 66.24. RSI compares the magnitude of recent gains to recent losses to see if an asset is oversold or overbought. RSI is plotted on a scale of 0-100. Generally, if it is above 70, the stock is considered overbought and so one can look to sell it.  Similarly, an RSI of less than 30 indicates the stock is oversold and can be bought.

Price to Book Value (P/B) is 3.23: P/B measures how the stock is priced in the market relative to the book value per share. The company recorded past 5-year earnings growth with -18.10%. Growth rates are very important while analyzing the long term growth and valuation of a certain company. The company estimated this year earnings growth with -219.20%.

Current Ratio of 2.1, describes the coverage current assets of the company provide for the current liabilities. Quick Ratio is listed at 2.1. Quick Ratio (Acid Test): Same as Current Ratio but does not include inventory in the current assets since inventory can be hard to quickly convert to liquid cash when needed. The stock revealed LT Debt/Equity of 0.27 and Total Debt/Equity Ratio is 0.27.

Zion Oil & Gas, Inc. (ZN) on December 30, 2019 announced that they are actively sourcing a drilling rig for 2020 operations. Zion Oil and Gas is in the initial phases of sourcing a drilling rig, subject to securing adequate funding. Zion is currently working with logistics contractors on the importation framework, along with the identification of rigs within the Eastern Hemisphere. Zion views this as an opportune time for sourcing a rig due to the depressed state of the drilling market.

On November 26, 2019, Richard G. Andrews, United States District Judge for the District of Delaware, signed an Order dismissing the consolidated derivative suit filed against certain current and former directors of Zion as well as Zion as a nominal defendant.  The Plaintiffs’ deadline to appeal the Order was on December 26, 2019, and Plaintiffs did not appeal.

Judge Andrews issued an eighteen-page Memorandum Opinion holding that Plaintiffs had not sufficiently demonstrated the futility of making demand on Zion’s Board of Directors prior to filing suit, noting “I do not find that the Plaintiffs have pleaded with particularity any facts that suggest the Director Defendants acted in bad faith or otherwise consciously disregarded their oversight responsibilities in regard to Zion’s prospects for discovery and extraction of oil.”

The securities-class-action and books-and-records-demand matters on which Zion has previously reported remain pending.

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