Zambeef Products (LON:ZAM) Trading Up 5.3% – Here’s Why

Zambeef Products PLC (LON:ZAM)’s stock price was up 5.3% on Tuesday . The stock traded as high as GBX 5 and last traded at GBX 5. Approximately 255,166 shares were traded during mid-day trading, an increase of 403% from the average daily volume of 50,734 shares. The stock had previously closed at GBX 4.75.

Zambeef Products Stock Performance

The company has a debt-to-equity ratio of 37.58, a current ratio of 1.09 and a quick ratio of 0.39. The stock has a market cap of £16.53 million, a P/E ratio of 0.10 and a beta of -0.48. The stock has a 50-day simple moving average of GBX 4.60 and a 200-day simple moving average of GBX 4.73.

About Zambeef Products

Zambeef Products PLC, together with its subsidiaries, engages in the agri-businesses in Zambia, Nigeria, and Ghana. It operates through Retailing and Cold Chain Food Products and Cropping and Milling segments. The company engages in the production, processing, distribution, and retailing of beef, chicken, pork, milk, dairy products, eggs, edible oils, stock feed, and flour. It is also involved in the row cropping operations primarily maize, soya beans, and wheat with approximately 14,530 hectares of row crops under irrigation and 7,924 hectares of rain-fed/dry-land crops.