Zanaga Iron Ore Company Limited (LON:ZIOC – Get Free Report) shares rose 10.5% during trading on Wednesday . The stock traded as high as GBX 5.64 ($0.07) and last traded at GBX 5.64 ($0.07). Approximately 319,707 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 838,605 shares. The stock had previously closed at GBX 5.11 ($0.07).
Zanaga Iron Ore Trading Down 6.4 %
The company has a market cap of £35.67 million, a price-to-earnings ratio of -775.00 and a beta of 2.37. The firm has a 50-day moving average price of GBX 6.02 and a 200 day moving average price of GBX 6.98. The company has a current ratio of 0.37, a quick ratio of 2.83 and a debt-to-equity ratio of 1.53.
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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