Zanaga Iron Ore (LON:ZIOC) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

by · The Markets Daily

Zanaga Iron Ore Company Limited (LON:ZIOC – Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5.64 and traded as low as GBX 4.29. Zanaga Iron Ore shares last traded at GBX 4.44, with a volume of 80,107 shares trading hands.

Zanaga Iron Ore Price Performance

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 stock has a market capitalization of £44.00 million, a price-to-earnings ratio of -6.34 and a beta of 1.89. The stock’s 50 day simple moving average is GBX 4.26 and its 200-day simple moving average is GBX 5.64.

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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