Zanaga Iron Ore Company Limited (LON:ZIOC – Get Free Report)’s stock price shot up 3.5% on Thursday. The stock traded as high as GBX 2.95 and last traded at GBX 2.95. 466,368 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 2,290,083 shares. The stock had previously closed at GBX 2.85.
Zanaga Iron Ore Stock Performance
The company has a quick ratio of 2.83, a current ratio of 8.62 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average of GBX 3.36 and a 200 day moving average of GBX 4.78. The company has a market capitalization of £29.24 million, a P/E ratio of -3.28 and a beta of 1.86.
About Zanaga Iron Ore
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.
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