Group Eleven Resources (CVE:ZNG) Trading Up 16.9% - Time to Buy?

Shares of Group Eleven Resources Corp. (CVE:ZNG - Get Free Report) traded up 16.9% on Wednesday . The stock traded as high as C$0.38 and last traded at C$0.38. 156,800 shares traded hands during trading, an increase of 23% from the average session volume of 127,197 shares. The stock had previously closed at C$0.33.

Group Eleven Resources Price Performance

The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.73 and a current ratio of 6.66. The company has a market cap of C$81.65 million, a P/E ratio of -19.75 and a beta of 1.39. The firm has a 50 day moving average price of C$0.31 and a two-hundred day moving average price of C$0.23.

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.