Zanaga Iron Ore (LON:ZIOC) Share Price Crosses Below 200-Day Moving Average - Should You Sell?

Key Points

• Zanaga Iron Ore's share price has fallen below its 200-day moving average, indicating a potential sell signal for investors.
• The stock, trading at GBX 7.68 ($0.10), has experienced a decline of 0.1% with a significant market cap of £63.93 million.
• The company, formerly known as Jumelles Holdings Limited, focuses on the exploration and development of iron ore properties in the Republic of Congo.

Zanaga Iron Ore Company Limited (LON:ZIOC - )'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 7.63 ($0.10) and traded as low as GBX 7.26 ($0.10). Zanaga Iron Ore shares last traded at GBX 7.68 ($0.10), with a volume of 400,079 shares trading hands.

Zanaga Iron Ore Stock Down 0.1%

The stock has a market cap of £63.93 million, a price-to-earnings ratio of -2,560.00 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. The business's 50 day moving average is GBX 7.55 and its 200-day moving average is GBX 7.63.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.