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Zanaga Iron Ore (LON:ZIOC) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Zanaga Iron Ore logo with Basic Materials background

Shares of Zanaga Iron Ore Company Limited (LON:ZIOC - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 6.61 ($0.09) and traded as high as GBX 6.74 ($0.09). Zanaga Iron Ore shares last traded at GBX 6.74 ($0.09), with a volume of 861,527 shares.

Zanaga Iron Ore Trading Up 11.3 %

The business has a fifty day moving average of GBX 7.75 and a two-hundred day moving average of GBX 6.62. The firm has a market cap of £65.22 million, a price-to-earnings ratio of -18,146.62 and a beta of 2.44. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.83 and a current ratio of 0.08.

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.

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