Group Eleven Resources (CVE:ZNG) Shares Down 13.6% – Here’s What Happened

Group Eleven Resources Corp. (CVE:ZNG)’s stock price was down 13.6% during trading on Tuesday . The company traded as low as C$0.17 and last traded at C$0.19. Approximately 190,600 shares were traded during mid-day trading, an increase of 205% from the average daily volume of 62,494 shares. The stock had previously closed at C$0.22.

Group Eleven Resources Price Performance

The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.73 and a current ratio of 6.66. The stock has a market capitalization of C$40.31 million, a P/E ratio of -9.75 and a beta of 1.39. The firm has a fifty day moving average price of C$0.18 and a two-hundred day moving average price of C$0.18.

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.