Group Eleven Resources Corp. (CVE:ZNG – Get Free Report)’s stock price shot up 8.7% on Thursday . The stock traded as high as C$0.88 and last traded at C$0.87. Approximately 55,219 shares traded hands during trading, a decline of 80% from the average daily volume of 278,143 shares. The stock had previously closed at C$0.80.
Group Eleven Resources Stock Performance
The company has a debt-to-equity ratio of 0.43, a current ratio of 6.66 and a quick ratio of 2.73. The business has a 50-day moving average of C$1.01 and a 200-day moving average of C$0.92. The company has a market capitalization of C$245.48 million, a P/E ratio of -43.50 and a beta of 3.02.
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.
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