Zanaga Iron Ore (LON:ZIOC) Shares Up 3.3% – Still a Buy?

Shares of Zanaga Iron Ore Company Limited (LON:ZIOC) shot up 3.3% during trading on Tuesday . The company traded as high as GBX 8 and last traded at GBX 7.90. 2,258,555 shares were traded during trading, an increase of 144% from the average session volume of 927,227 shares. The stock had previously closed at GBX 7.65.

Zanaga Iron Ore Stock Up 13.8%

The firm’s fifty day moving average price is GBX 7.60 and its 200-day moving average price is GBX 7.62. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.08 and a quick ratio of 2.83. The firm has a market capitalization of £72.47 million, a P/E ratio of -12.44 and a beta of 2.44.

Zanaga Iron Ore Company Profile

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. Zanaga Iron Ore Company Limited was incorporated in 2009 and is based in Road Town, the British Virgin Islands.