Group Eleven Resources (CVE:ZNG) Trading 8.7% Higher – Still a Buy?

Group Eleven Resources Corp. (CVE:ZNG)’s stock price traded up 8.7% on Thursday . The company traded as high as C$0.88 and last traded at C$0.87. 55,219 shares changed 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 Trading Down 3.4%

The firm’s 50 day moving average price is C$1.00 and its 200-day moving average price is C$0.92. 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 stock has a market cap of C$237.01 million, a P/E ratio of -42.00 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.