Group Eleven Resources (CVE:ZNG) Stock Price Up 27.7% - Should You Buy?

Group Eleven Resources Corp. (CVE:ZNG - Get Free Report)'s share price shot up 27.7% during mid-day trading on Saturday . The stock traded as high as C$0.34 and last traded at C$0.30. 739,537 shares were traded during mid-day trading, an increase of 542% from the average session volume of 115,199 shares. The stock had previously closed at C$0.24.

Group Eleven Resources Trading Down 3.7%

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's fifty day simple moving average is C$0.19 and its two-hundred day simple moving average is C$0.18. The firm has a market cap of C$53.75 million, a PE ratio of -13.00 and a beta of 1.39.

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.