Group Eleven Resources (CVE:ZNG) Trading Up 1.3% – Still a Buy?

Group Eleven Resources Corp. (CVE:ZNG)’s stock price shot up 1.3% during mid-day trading on Tuesday . The company traded as high as C$0.79 and last traded at C$0.79. 33,400 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 425,355 shares. The stock had previously closed at C$0.78.

Group Eleven Resources Stock Up 1.3%

The company has a quick ratio of 2.73, a current ratio of 6.66 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of C$0.72 and a 200 day moving average of C$0.48. The firm has a market cap of C$206.54 million, a price-to-earnings ratio of -26.33 and a beta of 2.61.

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.