Zanaga Iron Ore Company Limited (LON:ZIOC – Get Free Report) shares fell 3.1% during trading on Tuesday. The stock traded as low as GBX 2.81 and last traded at GBX 3.08. Approximately 1,233,313 shares traded hands during mid-day 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 Stock Performance
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 stock’s 50-day simple moving average is GBX 3.38 and its two-hundred day simple moving average is GBX 4.82. The stock has a market cap of £30.63 million, a price-to-earnings ratio of -3.43 and a beta of 1.86.
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.
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