Shares of Zanaga Iron Ore Company Limited (LON:ZIOC – Get Free Report) rose 8.5% on Friday . The stock traded as high as GBX 10.50 ($0.13) and last traded at GBX 10.05 ($0.13). Approximately 1,584,624 shares changed hands during mid-day trading, an increase of 3% from the average daily volume of 1,534,425 shares. The stock had previously closed at GBX 9.26 ($0.12).
Zanaga Iron Ore Stock Performance
The stock has a market cap of £87.39 million, a price-to-earnings ratio of -24,316.48 and a beta of 2.44. The company has a current ratio of 0.08, a quick ratio of 2.83 and a debt-to-equity ratio of 1.00. The firm has a fifty day simple moving average of GBX 8.27 and a 200-day simple moving average of GBX 6.14.
Zanaga Iron Ore Company Profile
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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