Group Eleven Resources (CVE:ZNG) Trading Down 1.5% – Time to Sell?

Group Eleven Resources Corp. (CVE:ZNGGet Free Report) was down 1.5% during trading on Tuesday . The company traded as low as C$0.33 and last traded at C$0.33. Approximately 117,969 shares traded hands during trading, a decline of 21% from the average daily volume of 149,831 shares. The stock had previously closed at C$0.33.

Group Eleven Resources Stock Down 1.5%

The business’s 50-day simple moving average is C$0.36 and its 200 day simple moving average is C$0.26. The company has a current ratio of 6.66, a quick ratio of 2.73 and a debt-to-equity ratio of 0.43. The firm has a market cap of C$67.18 million, a PE ratio of -16.25 and a beta of 1.39.

Group Eleven Resources Company Profile

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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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