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Pin to quick picksZanaga Iron Share News (ZIOC)

Share Price Information for Zanaga Iron (ZIOC)

London Stock Exchange
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Share Price: 6.95
Bid: 6.52
Ask: 7.38
Change: 0.00 (0.00%)
Spread: 0.86 (13.19%)
Open: 6.95
High: 0.00
Low: 0.00
Prev. Close: 6.95
ZIOC Live PriceLast checked at -

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STOCKS NEWS EUROPE-UK small caps rise 0.7 pct, outstrip FTSE

Fri, 13th Sep 2013 11:27

UK small caps and junior-listed AIM shares rise 0.7 and 0.1percent, respectively, outperforming the blue chips, which fall by 0.3percent.

Redhall slumps 17.9 percent, the top AIM-listed faller, after theengineering firm gives a disappointing trading update, with results now expectedto miss market expectations.

"The nuclear operation has seen a lower level of activity, with some slowertrading also seen at its Engineering operation. As a result we reduce our 2013EPS forecast by 35 percent," finnCap says in a trading note, cutting its targetprice on the stock.

"This is a disappointing setback for the group, which has been hit byseveral problems over recent years. The shares are likely to react negativelytoday on this downbeat news, but we still see longer-term value once near-termissues are resolved," the note adds.

Charles Stanley, meanwhile, downgrades the stock, to "hold" from a previous"buy" recommendation.

Zanaga Iron Ore gains 11.8 percent after news that the design ofthe Zanaga project - co-owned with Glencore Xstrata - is to be revised,cutting initial spending on the site.

The announcement highlights "the potential for a more capitally efficientproject," according to Liberum, who retain a "buy" rating on the stock.

Reuters messaging rm://alistair.smout.thomsonreuters.com@reuters.net

More News
15 Aug 2014 07:30

UPDATE 1-Zanaga Iron Ore gains mining licence for Congo project

(Adds detail, share price) Aug 15 (Reuters) - AIM-listed Zanaga Iron Ore Co has been granted a mining licence for its Republic of Congo joint venture with Glencore, the company said on Friday, sending its shares up 8 percent. The company's main mining project, to be developed in two

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15 Aug 2014 06:47

Zanaga Iron Ore gains mining licence for Congo project

Aug 15 (Reuters) - AIM-listed Zanaga Iron Ore Co has been granted a mining licence for its iron ore joint venture with Glencore, in the Republic of Congo, the company said on Friday. The company's main mining project, to be developed in two stages, aims to harness one of the largest iron o

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15 Aug 2014 06:29

Zanaga Iron Ore, Glencore Joint Venture Gets Mining Licence In Congo

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