Zanaga Iron Ore Company Limited (LON:ZIOC – Get Free Report)’s stock price dropped 28.3% on Tuesday. The stock traded as low as GBX 2 and last traded at GBX 2.15. 17,284,125 shares traded hands during trading, an increase of 653% from the average daily volume of 2,295,990 shares. The stock had previously closed at GBX 3.
Zanaga Iron Ore Trading Down 28.3%
The company has a market capitalization of £21.31 million, a price-to-earnings ratio of -2.39 and a beta of 1.86. 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 business’s 50-day simple moving average is GBX 3.31 and its 200-day simple moving average is GBX 4.59.
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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