Zanaga Iron Ore (LON:ZIOC) Trading Down 8.1% - Here's What Happened

Key Points

• Zanaga Iron Ore Company Limited experienced an 8.1% decline in stock price, trading at GBX 6.93 ($0.09) during mid-day trading.
• The company's market capitalization is approximately £64.79 million, with a significant price-to-earnings ratio of -18,025.65.
• Zanaga Iron Ore focuses on the exploration and development of iron ore properties, notably the 100% owned Zanaga Iron Ore Project in the Republic of Congo.

Zanaga Iron Ore Company Limited (LON:ZIOC - ) traded down 8.1% during mid-day trading on Friday . The stock traded as low as GBX 6.93 ($0.09) and last traded at GBX 6.93 ($0.09). 1,075,756 shares were traded during mid-day trading, an increase of 6% from the average session volume of 1,012,376 shares. The stock had previously closed at GBX 7.54 ($0.10).

Zanaga Iron Ore Stock Down 1.2%

The company has a market cap of £64.79 million, a price-to-earnings ratio of -18,025.65 and a beta of 2.44. The firm's 50 day simple moving average is GBX 7.86 and its 200-day simple moving average is GBX 7.88. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.08 and a quick ratio of 2.83.

About Zanaga Iron Ore

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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