Zanaga Iron Ore (LON:ZIOC) Stock Crosses Above 200-Day Moving Average – Here’s Why

Zanaga Iron Ore Company Limited (LON:ZIOCGet Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 6.38 ($0.08) and traded as high as GBX 8.48 ($0.11). Zanaga Iron Ore shares last traded at GBX 7.96 ($0.10), with a volume of 1,276,022 shares.

Zanaga Iron Ore Trading Down 3.5 %

The company has a quick ratio of 2.83, a current ratio of 0.08 and a debt-to-equity ratio of 1.00. The company has a fifty day moving average of GBX 8.19 and a two-hundred day moving average of GBX 6.40. The stock has a market capitalization of £65.39 million, a price-to-earnings ratio of -18,195.02 and a beta of 2.44.

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.

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