Shares of Group Eleven Resources Corp. (CVE:ZNG – Get Free Report) rose 23.7% during trading on Friday . The stock traded as high as C$0.25 and last traded at C$0.24. Approximately 949,547 shares changed hands during mid-day trading, an increase of 779% from the average daily volume of 108,023 shares. The stock had previously closed at C$0.19.
Group Eleven Resources Price Performance
The company has a quick ratio of 2.73, a current ratio of 6.66 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average price is C$0.18 and its two-hundred day moving average price is C$0.18. The stock has a market cap of C$62.02 million, a price-to-earnings 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.
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