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Group Eleven Resources (CVE:ZNG) Shares Up 10.2% - Should You Buy?

Group Eleven Resources logo with Basic Materials background

Group Eleven Resources Corp. (CVE:ZNG - Get Free Report) was up 10.2% during trading on Tuesday . The company traded as high as C$0.33 and last traded at C$0.33. Approximately 195,863 shares changed hands during trading, an increase of 66% from the average daily volume of 118,257 shares. The stock had previously closed at C$0.30.

Group Eleven Resources Price 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's 50-day simple moving average is C$0.21 and its 200 day simple moving average is C$0.19. The firm has a market capitalization of C$67.18 million, a P/E ratio of -16.25 and a beta of 1.39.

About Group Eleven Resources

(Get Free Report)

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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