Zanaga Iron Ore (LON:ZIOC) Trading Down 7.9% – Should You Sell?

Zanaga Iron Ore Company Limited (LON:ZIOC) fell 7.9% during trading on Friday . The company traded as low as GBX 5 and last traded at GBX 5.05. 286,727 shares were traded during mid-day trading, a decline of 86% from the average session volume of 2,060,844 shares. The stock had previously closed at GBX 5.48.

Zanaga Iron Ore Price Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.83 and a current ratio of 70.24. The stock’s 50-day moving average is GBX 5.61 and its 200 day moving average is GBX 6.82. The stock has a market capitalization of £43.37 million, a PE ratio of -7.44 and a beta of 2.02.

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.