Group Eleven Resources (CVE:ZNG) Trading Up 13.5% – Time to Buy?

Group Eleven Resources Corp. (CVE:ZNGGet Free Report) was up 13.5% during mid-day trading on Tuesday . The company traded as high as C$0.21 and last traded at C$0.21. Approximately 276,384 shares traded hands during trading, an increase of 109% from the average daily volume of 132,104 shares. The stock had previously closed at C$0.19.

Group Eleven Resources Trading Down 2.6 %

The business has a 50 day simple moving average of C$0.19 and a 200-day simple moving average of C$0.19. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.73 and a current ratio of 6.66. The stock has a market capitalization of C$38.24 million, a P/E ratio of -9.50 and a beta of 1.39.

Group Eleven Resources Company Profile

(Get Free Report)

Group Eleven Resources Corp. engages in the acquisition, exploration, and evaluation of mineral properties in Ireland. The company primarily explores for zinc, lead, and silver deposits. It owns 100% interest in the Silvermines project comprising two prospecting licenses (PLs) covering an area of 43.0 square kilometers located in the northern County Tipperary; the PG West project that consists of 22 PLs covering an area of 650 square kilometers located in the Limerick region.

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