Shares of Zion Oil & Gas Inc., an initial stage oil and gas exploration company with oil and gas exploration in Israel, saw a huge rally in Monday’s trading session. Zion shares ended the day 43.11% higher at $2.39, touching an intra-day high of $2.50.
In just three trading sessions, the stock gained 59.33%. The stock is down 10.15% in the last one month. Year-to-date, it fell 49.47%.
According to a SEC filing made by Zion Oil & Gas last month, the company did not generate any revenue in the quarter ended June 30, 2011. The company posted a net loss of $1.91 million in the three-month period ended June 30, 2011.
Zion Oil & Gas, which currently holds three petroleum exploration licenses in Israel, last month announced final results of its rights offering completed on July 25, 2011. The company’s gross proceeds from the offering were approximately $24.5 million.
About QualityStocks:
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment