Zanaga Iron Ore up 10% as Red Arc timeline puts bigger share float in focus
Zanaga Iron Ore Co. Ltd. finished the London session with a 4.31p bid and 4.50p offer, up 10.12% for the day. Hargreaves Lansdown showed volume at 30,290,662 shares and put the market cap at 44.6 million pounds. The move outpaced the headline price change. Volume on Tuesday hit nearly 13.6 times the 60-day average of 2.23 million shares, according to the latest LSE/FTSE Russell numbers. That was about 3.1% of the company’s expanded share base. Shares traded at the mid-price were valued at around £1.3 million.