Zanaga Iron Ore (LON:ZIOC) Trading Up 10% – Time to Buy?

Zanaga Iron Ore Company Limited (LON:ZIOC) rose 10% during mid-day trading on Friday . The stock traded as high as GBX 6.60 and last traded at GBX 6.60. Approximately 4,247,192 shares were traded during mid-day trading, an increase of 34% from the average daily volume of 3,161,423 shares. The stock had previously closed at GBX 6.

Zanaga Iron Ore Trading Up 10.0%

The stock has a market cap of £54.94 million, a PE ratio of -9.43 and a beta of 2.44. The company has a quick ratio of 2.83, a current ratio of 0.08 and a debt-to-equity ratio of 1.00. The stock’s fifty day moving average price is GBX 7.38 and its 200 day moving average price is GBX 7.55.

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