Why Zion Oil & Gas, Inc.'s Stock Is Slumping Today [The Motley Fool]
ZION OIL & GAS (ZN)
US:NASDAQ Investor Relations:
zionoil.com
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Source: The Motley Fool
After bidding up the share price yesterday, traders seem to be taking some money off the table. Matthew DiLallo ( TMFmd19 ) Feb 14, 2018 at 12:03PM What happened Zion Oil & Gas, Inc. ( NASDAQ:ZN ) stock is falling on Wednesday and was down more than 16% at 10:45 a.m. EST. That sell-off is mainly due to profit-taking after shares in the Israel-focused oil driller skyrocketed yesterday when it announced that it struck oil while drilling in the country. So what On Tuesday, Zion Oil & Gas announced that it encountered free-flowing hydrocarbons while it was working on its Megiddo-Jezreel #1 well. There was a continued and significant increase in gas followed by clear evidence of oil in our circulated mud from the bottom of the well, according to Chief Operations Officer Dustin Guinn. This is obviously very exciting news, said Guinn, and as a result
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