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Group Eleven Resources (CVE:ZNG) Sets New 52-Week High - Time to Buy?

Group Eleven Resources logo with Basic Materials background

Group Eleven Resources Corp. (CVE:ZNG - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.38 and last traded at C$0.37, with a volume of 384800 shares changing hands. The stock had previously closed at C$0.37.

Group Eleven Resources Price Performance

The firm has a market capitalization of C$75.45 million, a P/E ratio of -18.25 and a beta of 1.39. The business has a 50-day moving average of C$0.22 and a 200 day moving average of C$0.20. The company has a current ratio of 6.66, a quick ratio of 2.73 and a debt-to-equity ratio of 0.43.

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.

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