Zanaga Iron Ore (LON:ZIOC) Trading Down 8.3% – Should You Sell?

Zanaga Iron Ore Company Limited (LON:ZIOCGet Free Report) shares were down 8.3% on Friday . The stock traded as low as GBX 3.05 and last traded at GBX 3.15. Approximately 1,904,988 shares changed hands during trading, a decline of 28% from the average daily volume of 2,649,206 shares. The stock had previously closed at GBX 3.44.

Zanaga Iron Ore Stock Performance

The company has a market capitalization of £31.25 million, a price-to-earnings ratio of -3.50 and a beta of 1.89. The stock has a 50 day simple moving average of GBX 3.95 and a 200 day simple moving average of GBX 4.81. The company has a quick ratio of 2.83, a current ratio of 1.91 and a debt-to-equity ratio of 0.09.

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. Zanaga Iron Ore Company Limited was incorporated in 2009 and is based in Road Town, the British Virgin Islands.

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