Zanaga Iron Ore (LON:ZIOC) Shares Cross Above 200 Day Moving Average – Here’s Why

Zanaga Iron Ore Company Limited (LON:ZIOCGet Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 5.33 ($0.07) and traded as high as GBX 7.50 ($0.09). Zanaga Iron Ore shares last traded at GBX 7.05 ($0.09), with a volume of 1,396,034 shares.

Zanaga Iron Ore Price Performance

The company has a current ratio of 0.08, a quick ratio of 2.83 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of £49.32 million, a P/E ratio of -775.00 and a beta of 2.44. The company has a 50 day moving average of GBX 4.58 and a 200-day moving average of GBX 5.33.

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.

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