Zanaga Iron Ore Co. Ltd (DI) (ZIOC)

Sector:

Mining

Index:

FTSE AIM All-Share

7.10p
   
  • Change Today:
    -0.13p
  • 52 Week High: 17.45
  • 52 Week Low: 3.80
  • Currency: UK Pounds
  • Shares Issued: 644.99m
  • Volume: 1,043,058
  • Market Cap: £45.79m

Sector movers: Metals/mining stocks fall on Eurozone worries

By Benjamin Chiou

Date: Wednesday 30 May 2012

LONDON (ShareCast) - Every sector was either flat or in the red on Wednesday afternoon, as ongoing uncertainty in the Eurozone fuelled a sell-off in equity markets.

Bearing the brunt of the downward pressure were the industrial metals and mining stocks as copper prices continued to fall. By 16:07 in London, copper for three-month delivery was down 1.7% at $7,545.50 a metric tonne, as fresh concerns over Spain cloud the outlook for the global economy. Copper is heading for its largest monthly drop since September.

In the last week or so, the market has gone from talking about the Greek debt crisis and its vulnerable bailout deal with the 'Troika' to Spain and the recapitalisation of its banking sector. Some analysts, like Matthew Lynn from Strategy Economics, are saying that Spain is more likely to leave the euro before Greece.

Meanwhile, fading hopes of further Chinese stimulus were also weighing heavily on sentiment today; China does not intend to introduce economic stimulus measures like it did when the financial crisis started, according to Chinese news agency Xinhua. Speculation of a massive stimulus plan had surfaced last week after Chinese Prime Minister Wen Jiabao said that his country would take the necessary steps towards policies that will support the economy.

Copper miner First Quantum Minerals was among the worst performers in the industrial metals sector, while iron ore producers Evraz, Ferrexpo, Zanaga Iron Ore, Bellzone Mining and London Mining were also heavily out of favour.


Top performing sectors so far today

Bottom performing sectors so far today
Industrial Metals & Mining 3,018.66 -4.14%
Automobiles & Parts 4,269.31 -3.59%
Forestry & Paper 5,444.92 -3.44%
Construction & Materials 3,180.87 -3.18%
Oil Equipment, Services & Distribution 22,967.10 -3.14%

BC

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

ZIOC Market Data

Currency UK Pounds
Share Price 7.10p
Change Today -0.13p
% Change -1.80 %
52 Week High 17.45
52 Week Low 3.80
Volume 1,043,058
Shares Issued 644.99m
Market Cap £45.79m

ZIOC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
8.86% above the market average8.86% above the market average8.86% above the market average8.86% above the market average8.86% above the market average
11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average
Price Trend
96.34% above the market average96.34% above the market average96.34% above the market average96.34% above the market average96.34% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income Not Available
Growth Not Available

ZIOC Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:17 131,041 @ 6.81p
16:14 100,291 @ 7.23p
16:25 27,518 @ 6.80p
16:08 37,000 @ 6.84p
16:08 20,569 @ 7.27p

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