Group Eleven Resources (CVE:ZNG) Stock Price Down 7.7% – Should You Sell?

Group Eleven Resources Corp. (CVE:ZNGGet Free Report) shares fell 7.7% during trading on Wednesday . The stock traded as low as C$0.30 and last traded at C$0.30. 1,286,889 shares traded hands during mid-day trading, an increase of 558% from the average session volume of 195,531 shares. The stock had previously closed at C$0.33.

Group Eleven Resources Stock Up 10.8%

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 firm has a market capitalization of C$92.77 million, a P/E ratio of -18.00 and a beta of 2.69. The stock has a fifty day moving average price of C$0.35 and a two-hundred day moving average price of C$0.33.

Group Eleven Resources Company Profile

(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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