Group Eleven Resources (CVE:ZNG) Shares Up 23.7% – Here’s What Happened

Group Eleven Resources Corp. (CVE:ZNG) shares shot up 23.7% during mid-day trading on Friday . The company traded as high as C$0.25 and last traded at C$0.24. 949,547 shares were traded during mid-day trading, an increase of 779% from the average session volume of 108,023 shares. The stock had previously closed at C$0.19.

Group Eleven Resources Trading Up 27.7 %

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 company has a 50-day simple moving average of C$0.18 and a 200 day simple moving average of C$0.18. The company has a market capitalization of C$62.02 million, a P/E ratio of -15.00 and a beta of 1.39.

Group Eleven Resources Company Profile

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.