Group Eleven Resources Corp. (CVE:ZNG) Senior Officer David Andrew Furlong Sells 45,000 Shares

Key Points

• David Andrew Furlong, a senior officer at Group Eleven Resources Corp. (CVE:ZNG), sold 45,000 shares for a total of C$15,498 on May 30th, highlighting a significant insider transaction.
• Following the insider selling, shares of Group Eleven Resources are trading down by 1.6%, currently priced at C$0.32, with a market cap of C$65.12 million.
• Group Eleven Resources focuses on the acquisition and exploration of mineral properties in Ireland, primarily targeting zinc, lead, and silver deposits.

Group Eleven Resources Corp. (CVE:ZNG - Get Free Report) Senior Officer David Andrew Furlong sold 45,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of C$0.34, for a total value of C$15,498.00.

David Andrew Furlong also recently made the following trade(s):

• On Thursday, June 12th, David Andrew Furlong sold 5,000 shares of Group Eleven Resources stock. The shares were sold at an average price of C$0.39, for a total value of C$1,950.00.
• On Friday, June 6th, David Andrew Furlong sold 10,000 shares of Group Eleven Resources stock. The shares were sold at an average price of C$0.37, for a total value of C$3,650.00.

Group Eleven Resources Stock Performance

CVE:ZNG traded down C$0.01 during mid-day trading on Friday, hitting C$0.31. 108,000 shares of the stock were exchanged, compared to its average volume of 146,660. The stock has a market capitalization of C$64.08 million, a price-to-earnings ratio of -15.50 and a beta of 1.39. The firm's 50-day simple moving average is C$0.36 and its 200 day simple moving average is C$0.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.73 and a current ratio of 6.66. Group Eleven Resources Corp. has a fifty-two week low of C$0.14 and a fifty-two week high of C$0.42.

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.