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

Zanaga Iron Ore logo with Basic Materials background

Key Points

  • Zanaga Iron Ore's share price recently fell below its 200-day moving average, indicating potential challenges for the stock.
  • The company has a debt-to-equity ratio of 1.00 and a current ratio of 0.08, reflecting financial stress compared to industry standards.
  • Zanaga Iron Ore Company, involved in iron ore exploration and development, is known for its flagship Zanaga Iron Ore Project in the Republic of Congo.
  • Looking to export and analyze Zanaga Iron Ore data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of Zanaga Iron Ore Company Limited (LON:ZIOC - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 7.78 ($0.11) and traded as low as GBX 7.52 ($0.10). Zanaga Iron Ore shares last traded at GBX 7.90 ($0.11), with a volume of 1,355,992 shares changing hands.

Zanaga Iron Ore Trading Down 0.4%

The company has a debt-to-equity ratio of 1.00, a current ratio of 0.08 and a quick ratio of 2.83. The business's fifty day simple moving average is GBX 7.56 and its 200 day simple moving average is GBX 7.77. The stock has a market cap of £66.61 million, a price-to-earnings ratio of -18,533.75 and a beta of 2.44.

Zanaga Iron Ore Company Profile

(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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