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Zanaga Iron Ore
(LSE:ZIOC)
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Rating:43Neutral
Price Target:
3.50 p
▲(9.37% Upside)
Action:Reiterated
Date:09/10/26
The score is primarily constrained by weak financial performance (no revenue, recurring losses, and persistent negative free cash flow), partially offset by a low-debt balance sheet. Technicals are mixed with modest near-term strength but a broader downtrend, and valuation is limited by loss-making earnings (negative P/E) with no dividend yield provided.
Positive Factors
Low Leverage
Very low leverage gives Zanaga greater financial flexibility while it advances its project. A modest debt burden reduces near-term repayment pressure and leaves more scope to use equity, partnerships, or future financing to fund development without excessive fixed obligations.
Negative Factors
No Operating Revenue
The absence of reported revenue means Zanaga has not yet demonstrated commercial operating traction or a recurring customer-funded business model. Until the project reaches production, financial performance will remain dependent on development progress rather than established sales and operating earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low leverage gives Zanaga greater financial flexibility while it advances its project. A modest debt burden reduces near-term repayment pressure and leaves more scope to use equity, partnerships, or future financing to fund development without excessive fixed obligations.
Read all positive factors
Zanaga Iron Ore (ZIOC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£34.09M
Dividend YieldN/A
Average Volume (3M)2.19M
Price to Earnings (P/E)―
Beta (1Y)0.87
Revenue GrowthN/A
EPS Growth-170.37%
CountryUK
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding991,101,700
10 Day Avg. Volume1,456,853
30 Day Avg. Volume2,189,367
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)1.05
Price to Sales (P/S)0.00
P/FCF Ratio-16.49
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Zanaga Iron Ore Business Overview & Revenue Model
Company Description
Zanaga Iron Ore Company Limited functions as an investment holding enterprise, primarily dedicated to the discovery and cultivation of iron ore resources. Its most prominent venture is the Zanaga Iron Ore Project, which is geographically positione...
Zanaga Iron Ore Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -7.30M | -2.22M | -2.67M | -461.00K | -1.23M |
| Net Income | -7.21M | -2.29M | -2.72M | 8.10M | -1.90M |
Balance Sheet | |||||
| Total Assets | 87.49M | 86.32M | 88.04M | 86.43M | 37.89M |
| Cash, Cash Equivalents and Short-Term Investments | 1.28M | 110.00K | 899.00K | 310.00K | 387.00K |
| Total Debt | 77.03K | 91.00K | 1.80M | 500.00K | 0.00 |
| Total Liabilities | 942.34K | 778.00K | 2.22M | 1.22M | 153.00K |
| Stockholders Equity | 86.55M | 85.54M | 85.82M | 85.20M | 37.74M |
Cash Flow | |||||
| Free Cash Flow | -5.51M | -1.16M | -1.79M | -97.00K | -873.00K |
| Operating Cash Flow | -5.51M | -1.16M | -1.79M | -97.00K | -873.00K |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | -95.00K | -604.00K |
| Financing Cash Flow | 6.72M | 344.00K | 2.29M | 0.00 | 1.52M |
Zanaga Iron Ore Technical Analysis
Neutral
3.20
Price Trends
3.84
Negative
4.17
Negative
5.51
Negative
Market Momentum
-0.16
Negative
49.52
Neutral
55.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ZIOC, the sentiment is Neutral. The current price of 3.2 is below the 20-day moving average (MA) of 3.34, below the 50-day MA of 3.84, and below the 200-day MA of 5.51, indicating a neutral trend. The MACD of -0.16 indicates Negative momentum. The RSI at 49.52 is Neutral, neither overbought nor oversold. The STOCH value of 55.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:ZIOC.
Zanaga Iron Ore Peers Comparison
UnderperformOutperform
Sector (61)
GB:ZIOC
Zanaga Iron Ore
3.72
-3.12
-45.61%
GB:EVR
EVRAZ plc
81.00
0.00
0.00%
GB:FXPO
Ferrexpo
26.74
-26.96
-50.20%
GB:IRON
Ironveld
0.02
-0.02
-47.83%
Zanaga Iron Ore Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Zanaga Iron Ore advances US$500m financing talks and bulk sampling at flagship Congo project
Positive
Jul 31, 2026
Zanaga Iron Ore Company has reported continued progress in its discussions with Red Arc Minerals, which has secured a letter of intent for up to US$500m in project financing from a western government‑backed development institution. To accomm...
Business Operations and StrategyExecutive/Board ChangesStock BuybackFinancial DisclosuresPrivate Placements and Financing
Zanaga Iron Ore Tightens Project Economics and Reshapes Ownership with Strategic Funding Deals
Positive
Jul 1, 2026
Zanaga Iron Ore Company reported audited results for 2025 highlighting a project development strategy that identified four high-impact initiatives expected to deliver about US$2.2 billion in cash cost savings over the mine life. Test work confirme...
Business Operations and StrategyExecutive/Board ChangesStock BuybackFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Zanaga Iron Ore Reshapes Project Economics and Ownership in Transformational Year
Positive
Jul 1, 2026
Zanaga Iron Ore reported a transformational 2025, completing feasibility and cost-optimisation work on four key initiatives that are expected to deliver about US$2.2 billion in cash cost savings over the mine life. Test work confirmed the project ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.