Zanaga Iron Ore (LON:ZIOC) Trading Up 9.9% – Here’s Why

Zanaga Iron Ore Company Limited (LON:ZIOCGet Free Report)’s stock price was up 9.9% on Thursday . The company traded as high as GBX 8.68 ($0.11) and last traded at GBX 8.68 ($0.11). Approximately 549,349 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 1,665,818 shares. The stock had previously closed at GBX 7.90 ($0.10).

Zanaga Iron Ore Trading Up 9.9 %

The company has a fifty day simple moving average of GBX 7.98 and a 200-day simple moving average of GBX 5.98. The stock has a market cap of £75.48 million, a price-to-earnings ratio of -21,001.69 and a beta of 2.44. The company has a current ratio of 0.08, a quick ratio of 2.83 and a debt-to-equity ratio of 1.00.

About Zanaga Iron Ore

(Get Free Report)

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.

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