Group Eleven Resources Corp. (CVE:ZNG – Get Free Report) shares rose 13.8% on Thursday . The company traded as high as C$0.38 and last traded at C$0.37. Approximately 3,498,177 shares were traded during trading, an increase of 1,600% from the average daily volume of 205,768 shares. The stock had previously closed at C$0.33.
Group Eleven Resources Stock Performance
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 company has a 50-day moving average price of C$0.35 and a 200-day moving average price of C$0.33. The firm has a market capitalization of C$86.33 million, a price-to-earnings ratio of -16.75 and a beta of 2.69.
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.
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