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Zanaga Iron Ore (LON:ZIOC) Stock Passes Below Two Hundred Day Moving Average - Here's What Happened

Zanaga Iron Ore logo with Basic Materials background

Key Points

  • Zanaga Iron Ore Company Limited saw its share price fall below its 200-day moving average of GBX 7.74, trading as low as GBX 6.70 on Wednesday.
  • The company's current market cap stands at £59.76 million, with a P/E ratio of -2,393.33 and a beta of 2.44, indicating high volatility.
  • Despite recent losses, the stock rose by 5.0% in a recent trading session, with a volume of 772,126 shares traded.
  • MarketBeat previews the top five stocks to own by October 1st.

Zanaga Iron Ore Company Limited (LON:ZIOC - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 7.74 ($0.10) and traded as low as GBX 6.70 ($0.09). Zanaga Iron Ore shares last traded at GBX 6.98 ($0.09), with a volume of 772,126 shares trading hands.

Zanaga Iron Ore Stock Performance

The firm has a market capitalization of £58.10 million, a P/E ratio of -2,326.67 and a beta of 2.44. The company's 50 day moving average is GBX 7.44 and its 200-day moving average is GBX 7.72. 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.

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