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Zion Oil & Gas receives approval for its next well in Israel
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Zion Oil & Gas, Inc. (NASDAQ:ZN) stock has gained 65.76% over the past month. The company received approval from the Ministry of Energy of Israel regarding the drilling plan of its next oil well. Rob Dunn the CEO of the company stated that they have made incredible progress considering the challenges the government experienced due to the pandemic and operation at 30% capacity. He stated that the approval of the plan is an indication of the commitment to boost energy exploration and bolster the partnership between the State of Israel and Zion Oil & Gas.
On August 3, Zion Oi & Gas's president William Avery bought Zion stock for $1,200. With the purchase of the shares, William has taken his stake in the company to 20.87% totaling $324,000. The average volume of the company is 33.56 million and the stock has a one year low of $0.12 and a high of $0.88.
Opko Health reports surprise Q2 profit
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Opko Health Inc. (NASDAQ:OPK) stock is also up 51.13% over the last one month. The company reported a net income of $33.7 million in Q2 compared to a net loss a year ago. Opko posted a profit of $0.05 per share topping Wall Street estimates of a loss of $0.07 per share. Revenue for the period was $301.2 million topping analysts' estimates of $234.6 million.
BioReference Laboratories Inc. which is an OPKO company announced the acceptance of an Indefinite Delivery Indefinite Quantity contract award to offer Commercial Surge Capacity Testing for Coronavirus Emergency Response for CDC. As per the contract, Biorefrence will conduct antibody testing to ascertain COVID-19 seroprevalence as well as offer results with important demographic data and analyst in partnership with CDC.
Pinterest reports 15% YoY growth in international revenue
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Pinterest Inc (NYSE:PINS) stock gained 49.65% over the last one month. The company's global user base continues to grow as its international ad strategy begins to take shape despite the impact of COVID-19. User growth was reported in Brazil, Latin America, Western Europe, and some parts of Asia and Pinterest now wants to replicate the success in the US overseas. The company reported revenue of $272 million in Q2 with international revenue accounting for 15% of total revenue up from 9% a year ago. Global monthly users increased by 39% YoY to 416 million.
Also, Pinterest has announced new video updates for brands and creators meant to inspire audiences to act in ideas they discover. Some of the updates include a new video tab for making videos and a video uploaded tool for business accounts across India.
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