Group Eleven Resources (CVE:ZNG) Trading 27.7% Higher – Time to Buy?

Group Eleven Resources Corp. (CVE:ZNGGet Free Report)’s share price traded up 27.7% during trading on Saturday . The stock traded as high as C$0.34 and last traded at C$0.30. 739,537 shares traded hands during trading, an increase of 542% from the average session volume of 115,199 shares. The stock had previously closed at C$0.24.

Group Eleven Resources Price Performance

The company has a 50 day moving average price of C$0.18 and a 200 day moving average price of C$0.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 6.66 and a quick ratio of 2.73. The firm has a market cap of C$62.02 million, a PE ratio of -15.00 and a beta of 1.39.

About Group Eleven Resources

(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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