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Zanaga Iron Ore (LON:ZIOC) Stock Passes Above 200 Day Moving Average - Here's What Happened

Zanaga Iron Ore logo with Basic Materials background

Zanaga Iron Ore Company Limited (LON:ZIOC - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 5.45 ($0.07) and traded as high as GBX 8.67 ($0.11). Zanaga Iron Ore shares last traded at GBX 8.24 ($0.10), with a volume of 1,197,737 shares.

Zanaga Iron Ore Price Performance

The firm has a 50-day simple moving average of GBX 6.04 and a 200 day simple moving average of GBX 5.47. The firm has a market cap of £53.68 million, a PE ratio of -775.00 and a beta of 2.44. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.08 and a quick ratio of 2.83.

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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