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

Zanaga Iron Ore Company Limited (LON:ZIOC)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-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 Stock Down 1.9%

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

Zanaga Iron Ore Company Profile

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.