Zanaga Iron Ore (LON:ZIOC) Shares Up 9.9% – Should You Buy?

Zanaga Iron Ore Company Limited (LON:ZIOC) traded up 9.9% on Thursday . The company traded as high as GBX 8.68 ($0.11) and last traded at GBX 8.68 ($0.11). 549,349 shares traded hands during trading, a decline of 67% from the average session volume of 1,665,818 shares. The stock had previously closed at GBX 7.90 ($0.10).

Zanaga Iron Ore Stock Performance

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 company has a market capitalization of £75.48 million, a P/E ratio of -21,001.69 and a beta of 2.44. The firm has a 50 day moving average price of GBX 7.98 and a two-hundred day moving average price of GBX 5.98.

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.