Group Eleven Resources (CVE:ZNG) Stock Price Up 10.3% – Here’s Why

Group Eleven Resources Corp. (CVE:ZNG) shares traded up 10.3% during mid-day trading on Wednesday . The company traded as high as C$0.16 and last traded at C$0.16. 110,500 shares traded hands during mid-day trading, an increase of 200% from the average session volume of 36,858 shares. The stock had previously closed at C$0.15.

Group Eleven Resources Trading Up 10.3 %

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 market cap of C$33.08 million, a price-to-earnings ratio of -8.00 and a beta of 1.39. The company has a 50-day moving average price of C$0.18 and a 200 day moving average price of C$0.18.

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.