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Zanaga Iron Ore (LON:ZIOC) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Zanaga Iron Ore logo with Basic Materials background
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Zanaga Iron Ore Company Limited (LON:ZIOC - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 6.38 ($0.08) and traded as high as GBX 8.48 ($0.11). Zanaga Iron Ore shares last traded at GBX 7.96 ($0.10), with a volume of 1,276,022 shares changing hands.

Zanaga Iron Ore Trading Up 0.6 %

The company has a quick ratio of 2.83, a current ratio of 0.08 and a debt-to-equity ratio of 1.00. The company has a market capitalization of £69.92 million, a P/E ratio of -19,453.18 and a beta of 2.44. The business has a fifty day moving average price of GBX 8.19 and a 200 day moving average price of GBX 6.41.

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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