Zanaga Iron Ore (LON:ZIOC) Trading Down 15.9%

Shares of Zanaga Iron Ore Company Limited (LON:ZIOC) dropped 15.9% during trading on Thursday . The company traded as low as GBX 6.10 ($0.08) and last traded at GBX 6.10 ($0.08). Approximately 719,005 shares were traded during trading, an increase of 17% from the average daily volume of 613,628 shares. The stock had previously closed at GBX 7.25 ($0.09).

Zanaga Iron Ore Trading Down 11.1 %

The company has a debt-to-equity ratio of 1.53, a current ratio of 0.37 and a quick ratio of 2.83. The stock has a market cap of £37.80 million, a price-to-earnings ratio of -775.00 and a beta of 2.37. The business’s 50 day moving average is GBX 7.23 and its 200 day moving average is GBX 7.69.

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.