Zanaga Iron Ore (LON:ZIOC) Stock Price Up 10% – What’s Next?

Zanaga Iron Ore Company Limited (LON:ZIOC)’s share price shot up 10% during trading on Friday . The stock traded as high as GBX 6.60 and last traded at GBX 6.60. 4,247,192 shares changed hands during trading, an increase of 34% from the average session volume of 3,161,423 shares. The stock had previously closed at GBX 6.

Zanaga Iron Ore Stock Up 10.0%

The company’s 50 day simple moving average is GBX 7.38 and its 200-day simple moving average is GBX 7.55. 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 market cap of £54.94 million, a P/E ratio of -9.43 and a beta of 2.44.

About Zanaga Iron Ore

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.