Group Eleven Resources (CVE:ZNG) Stock Price Down 2.6% – Time to Sell?

Group Eleven Resources Corp. (CVE:ZNGGet Free Report)’s share price fell 2.6% during trading on Tuesday . The company traded as low as C$0.19 and last traded at C$0.19. 55,000 shares were traded during trading, a decline of 50% from the average session volume of 109,138 shares. The stock had previously closed at C$0.20.

Group Eleven Resources Stock 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 company has a market capitalization of C$39.28 million, a price-to-earnings ratio of -9.50 and a beta of 1.39. The firm has a 50-day simple moving average of C$0.19 and a two-hundred day simple moving average of C$0.19.

About Group Eleven Resources

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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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