Shares of Zanaga Iron Ore Company Limited (LON:ZIOC – Get Free Report) traded up 11.5% on Monday . The company traded as high as GBX 9.50 ($0.12) and last traded at GBX 9.14 ($0.11). 742,984 shares changed hands during trading, a decline of 61% from the average session volume of 1,921,543 shares. The stock had previously closed at GBX 8.20 ($0.10).
Zanaga Iron Ore Trading Up 9.2 %
The company has a quick ratio of 2.83, a current ratio of 0.08 and a debt-to-equity ratio of 1.00. The company’s 50 day moving average price is GBX 7.05 and its two-hundred day moving average price is GBX 5.72. The firm has a market cap of £60.09 million, a PE ratio of -775.00 and a beta of 2.44.
About Zanaga Iron Ore
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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