Zanaga Iron Ore (LON:ZIOC) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Zanaga Iron Ore Company Limited (LON:ZIOCGet Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 5.89 and traded as low as GBX 4.01. Zanaga Iron Ore shares last traded at GBX 4.40, with a volume of 30,271,803 shares changing hands.

Zanaga Iron Ore Price Performance

The firm has a market capitalization of £43.61 million, a PE ratio of -6.29 and a beta of 1.91. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.83 and a current ratio of 70.24. The stock has a fifty day moving average price of GBX 4.47 and a 200-day moving average price of GBX 5.89.

Zanaga Iron Ore Company Profile

(Get Free Report)

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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