Zanaga Iron Ore Company Limited (LON:ZIOC - Get Free Report) was down 8.4% during mid-day trading on Wednesday . The company traded as low as GBX 10.10 ($0.12) and last traded at GBX 10.10 ($0.12). Approximately 2,268,505 shares changed hands during trading, a decline of 59% from the average daily volume of 5,525,290 shares. The stock had previously closed at GBX 11.03 ($0.14).
Zanaga Iron Ore Trading Down 12.0 %
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 50-day moving average price of GBX 5.68 and a 200-day moving average price of GBX 5.43. The company has a market capitalization of £65.09 million, a price-to-earnings ratio of -775.00 and a beta of 2.44.
Zanaga Iron Ore Company Profile
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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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