Group Eleven Resources (CVE:ZNG) Reaches New 52-Week High – Should You Buy?

Group Eleven Resources Corp. (CVE:ZNG)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.59 and last traded at C$0.58, with a volume of 190715 shares changing hands. The stock had previously closed at C$0.59.

Group Eleven Resources Price Performance

The firm has a 50-day moving average of C$0.37 and a 200 day moving average of C$0.36. The company has a market capitalization of C$149.03 million, a PE ratio of -19.00 and a beta of 2.86. The company has a debt-to-equity ratio of 0.43, a current ratio of 6.66 and a quick ratio of 2.73.

Group Eleven Resources Company Profile

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.