Group Eleven Resources (CVE:ZNG) Shares Down 13.6% – Time to Sell?

Group Eleven Resources Corp. (CVE:ZNGGet Free Report)’s stock price traded down 13.6% during mid-day trading on Tuesday . The company traded as low as C$0.17 and last traded at C$0.19. 193,247 shares traded hands during mid-day trading, an increase of 182% from the average session volume of 68,513 shares. The stock had previously closed at C$0.22.

Group Eleven Resources Price Performance

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 stock has a market cap of C$42.38 million, a PE ratio of -10.25 and a beta of 1.39. The business has a 50-day moving average price of C$0.18 and a 200 day moving average price of C$0.18.

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.

Read More

Receive News & Ratings for Group Eleven Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Group Eleven Resources and related companies with MarketBeat.com's FREE daily email newsletter.