Group Eleven Resources (CVE:ZNG) Trading Up 21% - Time to Buy?

Group Eleven Resources Corp. (CVE:ZNG - Get Free Report)'s stock price was up 21% during trading on Monday . The stock traded as high as C$0.38 and last traded at C$0.38. Approximately 289,400 shares traded hands during mid-day trading, an increase of 139% from the average daily volume of 121,055 shares. The stock had previously closed at C$0.31.

Group Eleven Resources Trading Down 1.4%

The company's fifty day simple moving average is C$0.22 and its two-hundred day simple moving average is C$0.20. The company has a market capitalization of C$74.42 million, a price-to-earnings ratio of -18.00 and a beta of 1.39. The company has a quick ratio of 2.73, a current ratio of 6.66 and a debt-to-equity ratio of 0.43.

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.