Group Eleven Resources (CVE:ZNG) Stock Price Up 1.8% - Still a Buy?

Key Points

• CVE:ZNG rose 1.8% to C$1.15 (intraday high C$1.18) on Thursday, with about 182,114 shares traded—down 44% from its average daily volume of 326,219.
• The company has a market cap of C$323.16 million, a negative P/E of -57.50 and a high beta of 3.16; its 50‑day and 200‑day moving averages are C$1.06 and C$0.75, indicating recent upward momentum.
• Group Eleven is an Ireland-focused explorer targeting zinc, lead and silver, holding full or majority interests in key projects including Silvermines, PG West, Ballinalack (60%) and Stonepark (76.56%).

Group Eleven Resources Corp. (CVE:ZNG - ) rose 1.8% on Thursday . The stock traded as high as C$1.18 and last traded at C$1.15. Approximately 182,114 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 326,219 shares. The stock had previously closed at C$1.13.

Group Eleven Resources Stock Performance

The firm has a market capitalization of C$323.16 million, a price-to-earnings ratio of -57.50 and a beta of 3.16. 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 stock has a 50-day moving average price of C$1.06 and a 200 day moving average price of C$0.75.

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. The company also holds 60% interest in the Ballinalack project, which comprises 5 PLs covering an area of 169.0 square kilometers located in northeast Ireland; and 76.56% interest in the Stonepark project comprising 6 PLs covering an area of 183.6 square kilometers located in County Limerick, Ireland.

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