Group Eleven Resources (CVE:ZNG) Stock Price Up 21.4%

Group Eleven Resources Corp. (CVE:ZNGGet Rating)’s share price rose 21.4% during trading on Monday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 216,500 shares traded hands during mid-day trading, an increase of 391% from the average daily volume of 44,091 shares. The stock had previously closed at C$0.07.

Group Eleven Resources Price Performance

The company has a quick ratio of 2.73, a current ratio of 2.74 and a debt-to-equity ratio of 0.40. The company has a fifty day simple moving average of C$0.08 and a 200 day simple moving average of C$0.08. The firm has a market capitalization of C$14.25 million, a P/E ratio of -9.00 and a beta of 1.11.

About Group Eleven Resources

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Group Eleven Resources Corp. engages in the 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 five licenses (PLs) covering 133 square kilometers located in the northern County Tipperary; the PG West project consists of 25 PLs located in the Limerick region.

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