Zanaga Iron Ore (LON:ZIOC) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of Zanaga Iron Ore Company Limited (LON:ZIOCGet Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 5.45 ($0.07) and traded as high as GBX 8.67 ($0.11). Zanaga Iron Ore shares last traded at GBX 8.24 ($0.10), with a volume of 1,197,737 shares traded.

Zanaga Iron Ore Price Performance

The stock has a market capitalization of £57.71 million, a PE ratio of -775.00 and a beta of 2.44. The company has a quick ratio of 2.83, a current ratio of 0.08 and a debt-to-equity ratio of 1.00. The stock’s 50-day moving average is GBX 5.96 and its 200 day moving average is GBX 5.45.

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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