Group Eleven Resources (CVE:ZNG) Stock Price Up 25.7% – Time to Buy?

Group Eleven Resources Corp. (CVE:ZNG) shares shot up 25.7% on Monday . The stock traded as high as C$0.94 and last traded at C$0.88. 455,025 shares were traded during trading, an increase of 46% from the average session volume of 311,780 shares. The stock had previously closed at C$0.70.

Group Eleven Resources Price Performance

The stock has a 50-day moving average of C$0.58 and a two-hundred day moving average of C$0.43. The firm has a market cap of C$230.07 million, a price-to-earnings ratio of -29.33 and a beta of 2.88. The company has a current ratio of 6.66, a quick ratio of 2.73 and a debt-to-equity ratio of 0.43.

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.