Shares of Zanaga Iron Ore Co (LON:ZIOC) shot up 11.3% during mid-day trading on Friday . The company traded as high as GBX 13.50 ($0.19) and last traded at GBX 13.25 ($0.19). 1,404,673 shares changed hands during trading, a decline of 15% from the average session volume of 1,660,000 shares. The stock had previously closed at GBX 11.90 ($0.17).
About Zanaga Iron Ore
Zanaga Iron Ore Company Limited, an investment holding company, explores for and develops iron ore properties. Its flagship asset is the 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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