Zanaga Iron Ore Company Limited (LON:ZIOC – Get Free Report) shot up 12.5% during mid-day trading on Monday . The stock traded as high as GBX 4.89 ($0.06) and last traded at GBX 4.38 ($0.06). 5,584,902 shares changed hands during mid-day trading, an increase of 582% from the average session volume of 818,604 shares. The stock had previously closed at GBX 3.89 ($0.05).
Zanaga Iron Ore Trading Up 12.5 %
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 company’s fifty day moving average is GBX 5.17 and its two-hundred day moving average is GBX 6.03. The company has a market cap of £29.36 million, a price-to-earnings ratio of -775.00 and a beta of 2.44.
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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