Group Eleven Resources (CVE:ZNG) Hits New 1-Year High - Here's Why

Shares of Group Eleven Resources Corp. (CVE:ZNG - Get Free Report) reached a new 52-week high on Monday . The company traded as high as C$0.38 and last traded at C$0.38, with a volume of 167100 shares traded. The stock had previously closed at C$0.36.

Group Eleven Resources Stock Performance

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 business has a 50 day simple moving average of C$0.25 and a two-hundred day simple moving average of C$0.21. The firm has a market cap of C$83.72 million, a PE ratio of -20.25 and a beta of 1.39.

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.