Zanaga Iron Ore (LON:ZIOC) Shares Break Below Two Hundred Day Moving Average – Should You Sell?

Zanaga Iron Ore Company Limited (LON:ZIOC – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 4.45 and traded as low as GBX 3.61. Zanaga Iron Ore shares last traded at GBX 3.61, with a volume of 1,067,932 shares traded.

Zanaga Iron Ore Price Performance

The business has a fifty day moving average of GBX 3.65 and a 200 day moving average of GBX 4.43. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.91 and a quick ratio of 2.83. The stock has a market cap of £36.18 million, a PE ratio of -4.06 and a beta of 1.86.

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

Further Reading

Receive News & Ratings for Zanaga Iron Ore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zanaga Iron Ore and related companies with MarketBeat.com's FREE daily email newsletter.