Zion Oil & Gas Inc (ZNOG)

[microcaps1]

https://en.wikipedia.org/wiki/Russell_Indexes

Russell forms its indexes by listing all companies in descending order by market capitalization adjusted for float, which is the actual number of shares available for trading. In the United States, the top 3,000 stocks (those of the 3,000 largest companies) make up the broad-market Russell 3000 Index. The top 1,000 of those companies make up the large-cap Russell 1000 Index, and the bottom 2,000 (the smallest companies) make up the small-cap Russell 2000 Index.


The Russell 3000E Index represents approximately 99 percent of the U.S. equity market. Russell excludes stocks trading below $1, stocks that trade on the pink sheets and OTC Bulletin Board..., .
Annual reconstitution
Russell rebalances its indexes once each year in June, called "reconstitution". The reconstitution consists of updating the global list of investable stocks and assigning them to the appropriate indices. The Russell indexes do not immediately replace a company that merges with another firm or has its stock delisted[interesting -will have to dd further]

HOW MUCH OF ZN STOCK IS IN THE RUSSELL 3000? WOULD THINK MOST OF ZN RUSSELL INDEX STOCK IS IN THE RUSSELL 2000 small cap index-any info on that?



https://www.investopedia.com/terms/r/russell_3000.asp

"Stocks in the Russell 3000 index is reconstituted once a year on the last Friday in June. At this time, all eligible securities are ranked by their current market capitalization. This ensures growing or shrinking companies are accurately represented in the overall index. At any time, if a security is no longer eligible for membership then a replacement is named at the next scheduled reconstitution. ."

THAT IMPLIES ZN WOULD NOT BE REMOVED TIL ONE YEAR AFTER ITS FOUND DEFICIENT or it means if a co drops below the min market cap inbetween reconstitutions at the next reconstition it would be removed -which makes more sense

what is the market cap requirement to be in the 3000???

if 98% of stocks are in the 3000 by virtue of market cap,maybe zn would still have a sufficient market cap - dont just claim things and make me do all the dd
zn shares have grown by ca 14 million in the last year- since market cap is shares times pps,the increased no of shares reduces the pps requirement to obtain a certain market cap


Russell 1000® Index
? Representing the US large cap market segment, the total market cap of the
Russell 1000 Index increased 13% from $24.9 trillion as of last year’s reconstitution
to $28.2 trillion.
? With banding applied, the smallest company by market capitalization in the index is
Mercury General, with a total market capitalization of $2.5 billion


https://www.ftserussell.com/research-insights/russell-reconstitution/market-capitalization-ranges

Russell US Indexes — Historical

2018 smallest market cap was 159.2 million -which doesnt make sense-should have different smallest market caps for the russell 3000 and the 2000 small cap

zn at ca 72 M shares times current .56 is only 40m cap but this is the lowest pps since late dec

159.2 M divided by 72M shares is 2.21 pps

so zn would not have market cap for russell- but the investopedia article implies companies are not dropped til the next reconstitution the following year,which doesnt make sense either


so if zn is to be dropped why have some institutions increased their zn shares as infocus posted recently
what is the total no of zn shares in the indexes????