Zanaga Iron Ore (LON:ZIOC) Shares Down 8.4% – What’s Next?

Zanaga Iron Ore Company Limited (LON:ZIOC) shares were down 8.4% during trading on Wednesday . The stock traded as low as GBX 10.10 ($0.13) and last traded at GBX 10.10 ($0.13). Approximately 2,268,505 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 5,525,290 shares. The stock had previously closed at GBX 11.03 ($0.14).

Zanaga Iron Ore Stock Down 5.2 %

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’s 50-day moving average is GBX 5.57 and its two-hundred day moving average is GBX 5.40. The company has a market cap of £70.12 million, a P/E ratio of -775.00 and a beta of 2.44.

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.