Group Eleven Resources (CVE:ZNG) Shares Down 1.2% – Time to Sell?

Group Eleven Resources Corp. (CVE:ZNG) shares were down 1.2% during mid-day trading on Thursday . The company traded as low as C$0.82 and last traded at C$0.82. Approximately 41,278 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 248,496 shares. The stock had previously closed at C$0.83.

Group Eleven Resources Trading Down 1.2%

The company has a quick ratio of 2.73, a current ratio of 6.66 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average is C$0.84 and its 200-day moving average is C$0.94. The stock has a market capitalization of C$231.53 million, a price-to-earnings ratio of -41.00 and a beta of 3.16.

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.