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

by · The Cerbat Gem

Group Eleven Resources Corp. (CVE:ZNG – Get 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

(Get Free Report)

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.

Read More