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Zanaga Iron Ore (LON:ZIOC) Stock Price Crosses Above 200-Day Moving Average - Here's Why

Zanaga Iron Ore logo with Basic Materials background
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Shares of Zanaga Iron Ore Company Limited (LON:ZIOC - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 6.46 ($0.08) and traded as high as GBX 8.18 ($0.11). Zanaga Iron Ore shares last traded at GBX 7.66 ($0.10), with a volume of 293,084 shares traded.

Zanaga Iron Ore Stock Down 1.8 %

The company has a 50-day moving average of GBX 8.14 and a 200-day moving average of GBX 6.49. 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 company has a market capitalization of £66.71 million, a price-to-earnings ratio of -18,560.37 and a beta of 2.44.

About Zanaga Iron Ore

(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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