Zanaga Iron Ore (LON:ZIOC) Stock Price Up 12.6% – Should You Buy?

Zanaga Iron Ore Company Limited (LON:ZIOC) traded up 12.6% during trading on Wednesday . The stock traded as high as GBX 4.96 ($0.06) and last traded at GBX 4.96 ($0.06). 361,817 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 771,792 shares. The stock had previously closed at GBX 4.40 ($0.06).

Zanaga Iron Ore Trading Up 2.9 %

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 firm has a market cap of £44.55 million, a PE ratio of -775.00 and a beta of 2.44. The stock has a 50-day simple moving average of GBX 4.44 and a two-hundred day simple moving average of GBX 5.35.

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.