Group Eleven Resources Corp. (CVE:ZNG – Get Free Report) dropped 2.6% during mid-day trading on Tuesday . The company traded as low as C$0.19 and last traded at C$0.19. Approximately 55,000 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 109,138 shares. The stock had previously closed at C$0.20.
Group Eleven Resources Stock Performance
The firm has a 50 day moving average of C$0.19 and a 200-day moving average of C$0.19. The company has a market cap of C$39.28 million, a P/E ratio of -9.50 and a beta of 1.39. The company has a quick ratio of 2.73, a current ratio of 6.66 and a debt-to-equity ratio of 0.43.
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.
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