Group Eleven Resources (CVE:ZNG) Stock Price Up 27.7% - Still a Buy?

Group Eleven Resources Corp. (CVE:ZNG - Get Free Report) shot up 27.7% during trading on Saturday . The stock traded as high as C$0.34 and last traded at C$0.30. 739,537 shares changed hands during mid-day trading, an increase of 542% from the average session volume of 115,199 shares. The stock had previously closed at C$0.24.

Group Eleven Resources Trading Up 27.7%

The company has a debt-to-equity ratio of 0.43, a current ratio of 6.66 and a quick ratio of 2.73. The firm's 50 day moving average is C$0.18 and its 200 day moving average is C$0.18. The company has a market capitalization of C$62.02 million, a PE ratio of -15.00 and a beta of 1.39.

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.