Zanaga Iron Ore Company Limited (LON:ZIOC – Get Free Report) shares shot up 14% during mid-day trading on Tuesday . The stock traded as high as GBX 5.40 ($0.07) and last traded at GBX 4.90 ($0.06). 1,633,345 shares changed hands during trading, an increase of 110% from the average session volume of 777,638 shares. The stock had previously closed at GBX 4.30 ($0.05).
Zanaga Iron Ore Trading Up 14.0 %
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’s 50-day moving average price is GBX 4.44 and its 200-day moving average price is GBX 5.43. The firm has a market cap of £32.89 million, a price-to-earnings ratio of -775.00 and a beta of 2.44.
Zanaga Iron Ore Company Profile
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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