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Group Eleven Resources (CVE:ZNG) Trading Down 8.6% - Here's What Happened

Group Eleven Resources logo with Basic Materials background

Group Eleven Resources Corp. (CVE:ZNG - Get Free Report)'s share price traded down 8.6% on Monday . The company traded as low as C$0.32 and last traded at C$0.32. 213,610 shares were traded during trading, an increase of 70% from the average session volume of 125,590 shares. The stock had previously closed at C$0.35.

Group Eleven Resources Stock Performance

The firm has a market cap of C$69.25 million, a PE ratio of -16.75 and a beta of 1.39. The stock has a 50-day moving average price of C$0.29 and a 200 day moving average price of C$0.22. The company has a debt-to-equity ratio of 0.43, a current ratio of 6.66 and a quick ratio of 2.73.

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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