Shares of Zanaga Iron Ore Company Limited (LON:ZIOC – Get Free Report) shot up 14% during trading on Tuesday . The stock traded as high as GBX 5.40 ($0.07) and last traded at GBX 4.90 ($0.06). 1,633,345 shares traded hands during trading, an increase of 110% from the average session volume of 777,638 shares. The stock had previously closed at GBX 4.30 ($0.05).
Zanaga Iron Ore Trading Down 1.2 %
The firm has a market capitalization of £31.37 million, a price-to-earnings ratio of -775.00 and a beta of 2.44. The firm’s 50 day moving average is GBX 4.42 and its 200 day moving average is GBX 5.41. The company has a quick ratio of 2.83, a current ratio of 0.08 and a debt-to-equity ratio of 1.00.
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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