Group Eleven Resources (CVE:ZNG) Stock Price Up 27.7% - Here's What Happened

Group Eleven Resources Corp. (CVE:ZNG - Get Free Report) shares traded up 27.7% during mid-day trading on Saturday . The stock traded as high as C$0.34 and last traded at C$0.30. 739,537 shares traded hands during 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 Stock Up 27.7 %

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

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.