Group Eleven Resources (CVE:ZNG) Stock Price Up 27.7% - Here's Why

Group Eleven Resources Corp. (CVE:ZNG - Get Free Report)'s stock price shot up 27.7% during trading on Saturday . The company traded as high as C$0.34 and last traded at C$0.30. 739,537 shares were traded during 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 Stock Performance

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 firm has a 50-day moving average price of C$0.18 and a 200 day moving average price of C$0.18. The firm has a market capitalization of C$62.02 million, a PE ratio of -15.00 and a beta of 1.39.

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.