Group Eleven Resources (CVE:ZNG) Reaches New 52-Week High – Here’s Why

Group Eleven Resources Corp. (CVE:ZNG) hit a new 52-week high on Friday . The company traded as high as C$0.81 and last traded at C$0.83, with a volume of 291825 shares trading hands. The stock had previously closed at C$0.74.

Group Eleven Resources Stock Performance

The stock has a 50-day simple moving average of C$0.53 and a 200-day simple moving average of C$0.41. The company has a market capitalization of C$217.00 million, a price-to-earnings ratio of -27.67 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.