Zanaga Iron Ore (LON:ZIOC) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Zanaga Iron Ore Company Limited (LON:ZIOCGet Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 6.38 ($0.08) and traded as high as GBX 8.48 ($0.11). Zanaga Iron Ore shares last traded at GBX 7.96 ($0.10), with a volume of 1,276,022 shares.

Zanaga Iron Ore Price Performance

The company’s 50-day simple moving average is GBX 8.19 and its 200 day simple moving average is GBX 6.40. The company has a market cap of £65.39 million, a PE ratio of -18,195.02 and a beta of 2.44. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.83 and a current ratio of 0.08.

About Zanaga Iron Ore

(Get Free Report)

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.

Further Reading

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