Zanaga Iron Ore (LON:ZIOC) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Zanaga Iron Ore Company Limited (LON:ZIOC)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 5.91 ($0.07) and traded as high as GBX 7.69 ($0.10). Zanaga Iron Ore shares last traded at GBX 7.68 ($0.10), with a volume of 498,815 shares changing hands.

Zanaga Iron Ore Stock Up 3.8 %

The stock has a fifty day moving average of GBX 7.82 and a 200 day moving average of GBX 5.92. The firm has a market capitalization of £66.79 million, a P/E ratio of -18,582.14 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

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.