Group Eleven Resources (CVE:ZNG) Shares Down 3.8% - Time to Sell?

Group Eleven Resources Corp. (CVE:ZNG - Get Free Report)'s stock price was down 3.8% during trading on Monday . The stock traded as low as C$0.38 and last traded at C$0.38. Approximately 205,786 shares traded hands during trading, an increase of 60% from the average daily volume of 128,911 shares. The stock had previously closed at C$0.39.

Group Eleven Resources Stock Performance

The firm has a market capitalization of C$68.22 million, a PE ratio of -16.50 and a beta of 1.39. The firm's fifty day moving average is C$0.35 and its two-hundred day moving average is C$0.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 6.66 and a quick ratio of 2.73.

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.