Zanaga Iron Ore (LON:ZIOC) Stock Price Down 5.5% – Here’s Why

Zanaga Iron Ore Company Limited (LON:ZIOC)’s stock price dropped 5.5% during mid-day trading on Monday . The company traded as low as GBX 5.20 and last traded at GBX 5.20. Approximately 1,651,846 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 2,171,637 shares. The stock had previously closed at GBX 5.50.

Zanaga Iron Ore Price Performance

The company has a market capitalization of £43.28 million, a price-to-earnings ratio of -7.43 and a beta of 2.02. The stock has a fifty day simple moving average of GBX 5.90 and a 200-day simple moving average of GBX 7.04. The company has a debt-to-equity ratio of 0.09, a current ratio of 70.24 and a quick ratio of 2.83.

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.