Zanaga Iron Ore (LON:ZIOC) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of Zanaga Iron Ore Company Limited (LON:ZIOCGet Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 5.49 and traded as low as GBX 4.10. Zanaga Iron Ore shares last traded at GBX 4.10, with a volume of 722,627 shares trading hands.

Zanaga Iron Ore Trading Down 1.9%

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.91 and a quick ratio of 2.83. The firm’s 50 day moving average price is GBX 4.22 and its 200 day moving average price is GBX 5.49. The stock has a market capitalization of £40.64 million, a P/E ratio of -5.86 and a beta of 1.89.

About Zanaga Iron Ore

(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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