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Zanaga Iron Ore (LON:ZIOC) Stock Crosses Below Two Hundred Day Moving Average - Here's Why

Zanaga Iron Ore logo with Basic Materials background

Zanaga Iron Ore Company Limited (LON:ZIOC - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 7.97 ($0.11) and traded as low as GBX 6.53 ($0.09). Zanaga Iron Ore shares last traded at GBX 6.62 ($0.09), with a volume of 465,991 shares.

Zanaga Iron Ore Trading Up 3.9%

The firm has a market capitalization of £60.87 million, a price-to-earnings ratio of -16,936.85 and a beta of 2.44. The company has a fifty day moving average price of GBX 7.98 and a two-hundred day moving average price of GBX 7.95. The company has a current ratio of 0.08, a quick ratio of 2.83 and a debt-to-equity ratio of 1.00.

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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