Zanaga Iron Ore (LON:ZIOC) Sets New 1-Year Low – Here’s Why

Zanaga Iron Ore Company Limited (LON:ZIOCGet Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 4.33 ($0.06) and last traded at GBX 4.48 ($0.06), with a volume of 262520 shares traded. The stock had previously closed at GBX 4.35 ($0.06).

Zanaga Iron Ore Price Performance

The stock has a market capitalization of £30.06 million, a PE ratio of -775.00 and a beta of 2.44. The firm’s 50 day simple moving average is GBX 5.30 and its 200 day simple moving average is GBX 6.12. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.08 and a quick ratio of 2.83.

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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