Group Eleven Resources (CVE:ZNG) Stock Price Down 1.5% - Here's Why

Key Points

• Group Eleven Resources Corp. shares fell by 1.5%, closing at C$0.33, with a trading volume decline of 21% compared to average levels.
• The company has a market capitalization of C$67.18 million and a PE ratio of -16.25, indicating current financial challenges.
• Group Eleven primarily focuses on the acquisition and exploration of mineral properties in Ireland, particularly for zinc, lead, and silver deposits.

Group Eleven Resources Corp. (CVE:ZNG - Get Free Report) shares dropped 1.5% during trading on Tuesday . The stock traded as low as C$0.33 and last traded at C$0.33. Approximately 117,969 shares were traded during trading, a decline of 21% from the average daily volume of 149,831 shares. The stock had previously closed at C$0.33.

Group Eleven Resources Price Performance

The company's fifty day moving average price is C$0.36 and its 200 day moving average price is C$0.26. The company has a market capitalization of C$66.15 million, a P/E ratio of -16.00 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.

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.