Zanaga Iron Ore (LON:ZIOC) Shares Up 11.5% – Should You Buy?

Zanaga Iron Ore Company Limited (LON:ZIOC) was up 11.5% during mid-day trading on Monday . The stock traded as high as GBX 9.50 ($0.12) and last traded at GBX 9.14 ($0.11). Approximately 742,984 shares changed hands during trading, a decline of 61% from the average daily volume of 1,921,543 shares. The stock had previously closed at GBX 8.20 ($0.10).

Zanaga Iron Ore Trading Up 1.1 %

The company has a current ratio of 0.08, a quick ratio of 2.83 and a debt-to-equity ratio of 1.00. The company has a market cap of £61.06 million, a price-to-earnings ratio of -775.00 and a beta of 2.44. The firm has a 50-day moving average price of GBX 7.25 and a 200 day moving average price of GBX 5.77.

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.