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

Zanaga Iron Ore logo with Basic Materials background

Key Points

  • Zanaga Iron Ore shares fell below their 200-day moving average of GBX 7.88, trading at GBX 7.34 during Thursday's session.
  • The company has a significant market capitalization of £60.29 million and a P/E ratio of -16,774.74, indicating negative earnings.
  • Zanaga Iron Ore is focused on the exploration and development of iron ore properties, with its flagship asset located 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.

Zanaga Iron Ore Company Limited (LON:ZIOC - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 7.88 ($0.11) and traded as low as GBX 7.34 ($0.10). Zanaga Iron Ore shares last traded at GBX 7.34 ($0.10), with a volume of 3,388,873 shares traded.

Zanaga Iron Ore Price Performance

The firm has a fifty day moving average price of GBX 7.85 and a two-hundred day moving average price of GBX 7.83. 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 stock has a market capitalization of £66.21 million, a P/E ratio of -18,422.45 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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