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

Sector:

Mining

Index:

FTSE AIM All-Share

7.00p
   
  • Change Today:
    -0.23p
  • 52 Week High: 17.45
  • 52 Week Low: 3.80
  • Currency: UK Pounds
  • Shares Issued: 644.99m
  • Volume: 725,001
  • Market Cap: £45.15m

Zanaga share prices flounder after second update deadline missed

By Duncan Ferris

Date: Thursday 01 Mar 2018

LONDON (ShareCast) - (ShareCast News) - Zanaga Iron Ore Company delayed the announcement of its project update on Thursday, causing a drop in share prices of over 10%.
The update on the Zanaga Iron Ore project, which is one of the largest iron ore deposits in Africa and "has the potential to become a world-class iron ore producer," according to a company statement, will not be released until product test work is completed in Q2 2018.

This is the second delay in the project update after the company also failed to release information on 29 December, targeting mid-February for the revised deadline.

The Zanaga Iron Ore Company holds a 50% less one share interest in the project which is located in the Republic of Congo, while Glencore holds the remaining interest and has effective management control of the project.

The project is intended to become a large scale iron ore mining, processing and infrastructure operation which will produce 30Mtpa concentrate over a 30-year period, according to the Zanaga Iron Ore Company.

As of 1610 GMT, Zanaga Iron Ore Company's shares were down 12.42% at 12.37p

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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 7.00p
Change Today -0.23p
% Change -3.18 %
52 Week High 17.45
52 Week Low 3.80
Volume 725,001
Shares Issued 644.99m
Market Cap £45.15m

ZIOC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
7.82% above the market average7.82% above the market average7.82% above the market average7.82% above the market average7.82% above the market average
29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average
Price Trend
97.26% above the market average97.26% above the market average97.26% above the market average97.26% above the market average97.26% 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
15:00 55,360 @ 7.10p
14:19 28,000 @ 7.10p
14:10 91,167 @ 6.85p
14:07 50,000 @ 7.00p
14:07 13,560 @ 7.02p

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