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Zanaga Iron Ore (LON:ZIOC) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Zanaga Iron Ore logo with Basic Materials background

Zanaga Iron Ore Company Limited (LON:ZIOC - Get Free Report) crossed 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.

Zanaga Iron Ore Stock Performance

The company has a market capitalization of £60.87 million, a price-to-earnings ratio of -16,936.85 and a beta of 2.44. The stock has a fifty day moving average price of GBX 7.99 and a two-hundred day moving average price of GBX 7.95. The company has a quick ratio of 2.83, a current ratio of 0.08 and a debt-to-equity ratio of 1.00.

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.

Further Reading

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