Zanaga Iron Ore Company Limited (LON:ZIOC – Get Free Report)’s share price fell 15.9% during mid-day trading on Thursday . The company traded as low as GBX 6.10 ($0.08) and last traded at GBX 6.10 ($0.08). 719,005 shares changed hands during mid-day trading, an increase of 17% from the average session volume of 613,628 shares. The stock had previously closed at GBX 7.25 ($0.09).
Zanaga Iron Ore Stock Performance
The stock has a 50-day moving average of GBX 7.27 and a 200-day moving average of GBX 7.71. The firm has a market cap of £43.09 million, a price-to-earnings ratio of -775.00 and a beta of 2.37. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.83 and a current ratio of 0.37.
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.
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