Zanaga Iron Ore (LON:ZIOC) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Zanaga Iron Ore Company Limited (LON:ZIOC) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 5.16 and traded as low as GBX 3.50. Zanaga Iron Ore shares last traded at GBX 3.60, with a volume of 773,426 shares traded.

Zanaga Iron Ore Trading Down 0.8%

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.91 and a quick ratio of 2.83. The business’s 50-day moving average is GBX 4.13 and its two-hundred day moving average is GBX 5.13. The firm has a market cap of £34.94 million, a P/E ratio of -3.92 and a beta of 1.89.

Zanaga Iron Ore Company Profile

Zanaga Iron Ore Company Limited, an investment holding company, engages in the exploration and development of iron ore properties. Its flagship asset is the 100% owned Zanaga Iron Ore Project located in the south west of the Republic of Congo. The company was formerly known as Jumelles Holdings Limited and changed its name to Zanaga Iron Ore Company Limited in October 2010. Zanaga Iron Ore Company Limited was incorporated in 2009 and is based in Road Town, the British Virgin Islands.