During oil and gas low prices Zion Oil & Gas manages to survive and even plans drilling next well by receiving approval from officials. As Saudi Arabia and Gulf countries cause oil and gas prices’ crush Zion Oil & Gas needs to cut expenses and store the raw products until the prices go up.
Demand for energy is growing again, hence ZN is to surge further even though the EPS is a bit negative. Moreover, the affordable price pulls many investors to buy ZN as fast as possible before it gets expensive.
In premarket ZN is growing 10% to cross $0.50 barrier on a certain volume of millions of shares. Perhaps at the end of the trading day, ZN will cost over $1.00.
Editor in Chief.
Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life