Zanaga Iron Ore (LON:ZIOC) Stock Price Down 10% – Should You Sell?

Shares of Zanaga Iron Ore Company Limited (LON:ZIOCGet Free Report) fell 10% during mid-day trading on Wednesday . The stock traded as low as GBX 8.25 ($0.11) and last traded at GBX 8.25 ($0.11). 438,763 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 1,086,384 shares. The stock had previously closed at GBX 9.17 ($0.12).

Zanaga Iron Ore Stock Down 2.5%

The company has a quick ratio of 2.83, a current ratio of 0.08 and a debt-to-equity ratio of 1.00. The company has a fifty day moving average price of GBX 7.93 and a 200-day moving average price of GBX 7.79. The stock has a market capitalization of £73.66 million, a P/E ratio of -20,493.59 and a beta of 2.44.

Zanaga Iron Ore Company Profile

(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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