Group Eleven Resources (CVE:ZNG) Trading 27.7% Higher – Here’s Why

Group Eleven Resources Corp. (CVE:ZNG) traded up 27.7% during trading on Saturday . The company traded as high as C$0.34 and last traded at C$0.30. 739,537 shares were traded during mid-day trading, an increase of 542% from the average session volume of 115,199 shares. The stock had previously closed at C$0.24.

Group Eleven Resources Stock Up 27.7 %

The company has a current ratio of 6.66, a quick ratio of 2.73 and a debt-to-equity ratio of 0.43. The stock has a market cap of C$62.02 million, a P/E ratio of -15.00 and a beta of 1.39. The firm has a 50-day simple moving average of C$0.18 and a two-hundred day simple moving average 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.