Zanaga Iron Ore (LON:ZIOC) Hits New 12-Month Low – Should You Sell?

Zanaga Iron Ore Company Limited (LON:ZIOCGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 4.33 ($0.06) and last traded at GBX 4.48 ($0.06), with a volume of 262520 shares changing hands. The stock had previously closed at GBX 4.35 ($0.06).

Zanaga Iron Ore Trading Up 3.0 %

The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.83 and a current ratio of 0.08. The stock has a market capitalization of £30.06 million, a P/E ratio of -775.00 and a beta of 2.44. The stock has a 50-day moving average price of GBX 5.30 and a two-hundred day moving average price of GBX 6.12.

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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