Group Eleven Resources (CVE:ZNG) Stock Price Up 27.7% – Still a Buy?

Shares of Group Eleven Resources Corp. (CVE:ZNGGet Free Report) traded up 27.7% during trading on Friday . The company traded as high as C$0.34 and last traded at C$0.30. 739,537 shares were traded 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 Stock 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 capitalization of C$62.02 million, a PE ratio of -15.00 and a beta of 1.39. The business’s 50 day moving average is C$0.18 and its 200 day moving average is C$0.18.

About Group Eleven Resources

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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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