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Zanaga Iron Ore (LON:ZIOC) Stock Passes Below 200 Day Moving Average - Here's What Happened

Zanaga Iron Ore logo with Basic Materials background

Key Points

  • Zanaga Iron Ore's stock price has fallen below its 200-day moving average of GBX 7.82, reaching a low of GBX 7.02 during recent trading.
  • The company has a market capitalization of £65.22 million and a significantly negative P/E ratio of -18,146.62, indicating potential financial challenges.
  • Zanaga Iron Ore's flagship asset is the 100% owned Zanaga Iron Ore Project located in the Republic of Congo, focusing on exploration and development of iron ore properties.
  • Want stock alerts on Zanaga Iron Ore? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of Zanaga Iron Ore Company Limited (LON:ZIOC - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 7.82 ($0.11) and traded as low as GBX 7.02 ($0.09). Zanaga Iron Ore shares last traded at GBX 7.02 ($0.09), with a volume of 890,954 shares.

Zanaga Iron Ore Stock Performance

The company has a quick ratio of 2.83, a current ratio of 0.08 and a debt-to-equity ratio of 1.00. The firm has a fifty day simple moving average of GBX 7.75 and a 200-day simple moving average of GBX 7.81. The company has a market cap of £66.09 million, a PE ratio of -18,388.58 and a beta of 2.44.

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.

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