Zanaga Iron Ore (ZIOC) Shares Up 11%

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Zanaga Iron Ore Co Ltd (LON:ZIOC) shares shot up 11% during trading on Tuesday . The stock traded as high as GBX 7.24 ($0.09) and last traded at GBX 7.24 ($0.09). 282,439 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,660,000 shares. The stock had previously closed at GBX 6.52 ($0.09).

The company has a market capitalization of $20.52 million and a P/E ratio of -12.32.

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About Zanaga Iron Ore (LON:ZIOC)

Zanaga Iron Ore Company Limited, an investment holding company, explores for and develops iron ore properties. Its flagship asset is the 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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