Zanaga Iron Ore Company Limited (LON:ZIOC – Get Free Report)’s share price rose 17.7% during trading on Friday . The company traded as high as GBX 9.50 ($0.12) and last traded at GBX 9.25 ($0.11). Approximately 6,529,509 shares changed hands during mid-day trading, an increase of 47% from the average daily volume of 4,442,708 shares. The stock had previously closed at GBX 7.86 ($0.10).
Zanaga Iron Ore Stock Performance
The firm’s 50 day simple moving average is GBX 5.23 and its 200-day simple moving average is GBX 5.36. The company has a market capitalization of £58.91 million, a price-to-earnings ratio of -775.00 and a beta of 2.44. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.83 and a current ratio of 0.08.
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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