Zanaga Iron Ore (LON:ZIOC) Hits New 1-Year Low – Should You Sell?

by · The Markets Daily

Zanaga Iron Ore Company Limited (LON:ZIOC – Get Free Report)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 4.33 ($0.06) and last traded at GBX 4.48 ($0.06), with a volume of 262520 shares changing hands. The stock had previously closed at GBX 4.35 ($0.06).

Zanaga Iron Ore Price Performance

The firm has a 50-day moving average of GBX 5.25 and a 200 day moving average of GBX 6.09. 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 company has a market capitalization of £31.54 million, a PE ratio of -775.00 and a beta of 2.44.

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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