Zanaga Iron Ore Company Limited (LON:ZIOC - Get Free Report) shares dropped 10% on Wednesday . The stock traded as low as GBX 8.25 ($0.11) and last traded at GBX 8.25 ($0.11). Approximately 438,763 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 1,086,384 shares. The stock had previously closed at GBX 9.17 ($0.12).
Zanaga Iron Ore Stock Up 2.2%
The company's 50 day moving average price is GBX 7.93 and its two-hundred day moving average price is GBX 7.79. The company has a current ratio of 0.08, a quick ratio of 2.83 and a debt-to-equity ratio of 1.00. The firm has a market cap of £75.05 million, a PE ratio of -20,880.72 and a beta of 2.44.
Zanaga Iron Ore Company Profile
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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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