TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An update from Zanaga Iron Ore ( (GB:ZIOC) ) is now available.
Zanaga Iron Ore Company Limited has entered into lock-in agreements with major shareholders, covering approximately 34.86% of the company’s issued share capital, following a request from a potential investor involved in its strategic partner process. These agreements, which restrict the sale of shares for six months, reflect the company’s efforts to stabilize its shareholder base and potentially attract new investment, thereby strengthening its market position amid growing demand for high-quality iron ore.
More about Zanaga Iron Ore
Zanaga Iron Ore Company Limited is an iron ore exploration and development company with its flagship asset being the Zanaga Iron Ore Project in the Republic of Congo. The project boasts a 6.9 billion tonne resource and a 2.1 billion tonne reserve, aimed at producing high-grade DRI pellet feed. With all necessary permits secured, Zanaga is positioned to become one of the largest iron ore mines globally, benefiting from the growing demand for low-impurity iron ore.
Average Trading Volume: 743,974
Technical Sentiment Signal: Buy
Current Market Cap: £64.01M
See more insights into ZIOC stock on TipRanks’ Stock Analysis page.