Zanaga Iron Ore Company Limited (LON:ZIOC – Get Free Report) fell 3.1% during trading on Tuesday. The company traded as low as GBX 2.81 and last traded at GBX 3.08. Approximately 1,233,313 shares traded hands during trading, a decline of 47% from the average session volume of 2,308,034 shares. The stock had previously closed at GBX 3.18.
Zanaga Iron Ore Price Performance
The stock has a 50 day moving average of GBX 3.38 and a two-hundred day moving average of GBX 4.82. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.83 and a current ratio of 8.62. The firm has a market capitalization of £30.63 million, a P/E ratio of -3.43 and a beta of 1.86.
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. Zanaga Iron Ore Company Limited was incorporated in 2009 and is based in Road Town, the British Virgin Islands.
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