Zanaga Iron Ore (LON:ZIOC) Stock Price Down 11.1% – Time to Sell?

Zanaga Iron Ore Company Limited (LON:ZIOC)’s stock price traded down 11.1% on Saturday . The company traded as low as GBX 3.62 ($0.05) and last traded at GBX 3.89 ($0.05). 6,447,401 shares traded hands during trading, an increase of 710% from the average session volume of 795,798 shares. The stock had previously closed at GBX 4.38 ($0.06).

Zanaga Iron Ore Trading Down 11.1 %

The stock’s 50-day moving average is GBX 5.17 and its two-hundred day moving average is GBX 6.03. The stock has a market cap of £26.10 million, a P/E 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.

About Zanaga Iron Ore

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.