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

Zanaga Iron Ore logo with Basic Materials background

Zanaga Iron Ore Company Limited (LON:ZIOC - Get Free Report)'s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Zanaga Iron Ore Trading Down 4.0%

The stock's fifty day moving average price is GBX 8.02 and its 200 day moving average price is GBX 7.97. 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 stock has a market capitalization of £55.38 million, a P/E ratio of -15,407.69 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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