Zanaga Iron Ore (LON:ZIOC) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Zanaga Iron Ore Company Limited (LON:ZIOCGet Free Report)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4.55 and traded as low as GBX 3.77. Zanaga Iron Ore shares last traded at GBX 3.80, with a volume of 541,896 shares.

Zanaga Iron Ore Stock Down 5.7%

The company has a quick ratio of 2.83, a current ratio of 1.91 and a debt-to-equity ratio of 0.09. The company has a market capitalization of £34.69 million, a price-to-earnings ratio of -3.89 and a beta of 1.86. The stock’s fifty day moving average price is GBX 3.73 and its 200-day moving average price is GBX 4.53.

Zanaga Iron Ore Company Profile

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

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