Group Eleven Resources (CVE:ZNG) Shares Climb 1.5% – Should You Buy?

Group Eleven Resources Corp. (CVE:ZNG) was up 1.5% on Friday. The stock traded as high as C$0.67 and last traded at C$0.67. Approximately 32,363 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 215,554 shares. The stock had previously closed at C$0.66.

Group Eleven Resources Stock Performance

The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.73 and a current ratio of 6.66. The stock’s fifty day moving average price is C$0.77 and its 200-day moving average price is C$0.89. The company has a market capitalization of C$190.13 million, a P/E ratio of -33.50 and a beta of 3.81.

About Group Eleven Resources

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. The company also holds 60% interest in the Ballinalack project, which comprises 5 PLs covering an area of 169.0 square kilometers located in northeast Ireland; and 76.56% interest in the Stonepark project comprising 6 PLs covering an area of 183.6 square kilometers located in County Limerick, Ireland.