Zanaga Iron Ore (LON:ZIOC) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Zanaga Iron Ore Company Limited (LON:ZIOC) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 7.08 and traded as low as GBX 5.25. Zanaga Iron Ore shares last traded at GBX 5.31, with a volume of 1,733,873 shares.

Zanaga Iron Ore Price Performance

The firm has a market capitalization of £45.78 million, a price-to-earnings ratio of -7.86 and a beta of 2.02. The stock’s fifty day moving average price is GBX 5.90 and its two-hundred day moving average price is GBX 7.06. The company has a current ratio of 70.24, a quick ratio of 2.83 and a debt-to-equity ratio of 0.09.

Zanaga Iron Ore Company Profile

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. Zanaga Iron Ore Company Limited was incorporated in 2009 and is based in Road Town, the British Virgin Islands.