Group Eleven Resources (CVE:ZNG) Shares Down 3.8% - What's Next?

Group Eleven Resources Corp. (CVE:ZNG - Get Free Report)'s stock price was down 3.8% during mid-day trading on Monday . The company traded as low as C$0.38 and last traded at C$0.38. Approximately 205,786 shares traded hands during mid-day 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 Down 3.8%

The company has a 50 day moving average of C$0.35 and a 200-day moving average of C$0.24. The company has a market capitalization of C$77.52 million, a P/E ratio of -18.75 and a beta of 1.39. The company has a debt-to-equity ratio of 0.43, a current ratio of 6.66 and a quick ratio of 2.73.

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.

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