Zanaga Iron Ore (LON:ZIOC) Stock Passes Below 200 Day Moving Average – Time to Sell?

Zanaga Iron Ore Company Limited (LON:ZIOC)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 7.33 and traded as low as GBX 5.95. Zanaga Iron Ore shares last traded at GBX 6.02, with a volume of 250,912 shares.

Zanaga Iron Ore Stock Down 0.3%

The company has a current ratio of 70.24, a quick ratio of 2.83 and a debt-to-equity ratio of 0.09. The firm has a market cap of £49.06 million, a PE ratio of -8.42 and a beta of 2.08. The business’s 50-day simple moving average is GBX 6.74 and its 200 day simple moving average is GBX 7.31.

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. Zanaga Iron Ore Company Limited was incorporated in 2009 and is based in Road Town, the British Virgin Islands.