Group Eleven Resources (CVE:ZNG) Trading Up 28.6% – Time to Buy?

Group Eleven Resources Corp. (CVE:ZNG) shot up 28.6% on Monday . The company traded as high as C$0.94 and last traded at C$0.90. 507,525 shares changed hands during mid-day trading, an increase of 61% from the average session volume of 316,155 shares. The stock had previously closed at C$0.70.

Group Eleven Resources Trading Down 3.3%

The firm has a market cap of C$227.46 million, a price-to-earnings ratio of -29.00 and a beta of 2.88. The business has a 50 day moving average of C$0.60 and a 200 day moving average of C$0.43. The company has a quick ratio of 2.73, a current ratio of 6.66 and a debt-to-equity ratio of 0.43.

Group Eleven Resources Company Profile

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.