Group Eleven Resources (CVE:ZNG) Reaches New 12-Month High – Time to Buy?

Group Eleven Resources Corp. (CVE:ZNG) shares reached a new 52-week high on Tuesday . The stock traded as high as C$0.80 and last traded at C$0.77, with a volume of 463518 shares traded. The stock had previously closed at C$0.70.

Group Eleven Resources Stock Up 7.1%

The company has a current ratio of 6.66, a quick ratio of 2.73 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of C$196.09 million, a P/E ratio of -25.00 and a beta of 2.86. The firm’s fifty day moving average is C$0.45 and its 200-day moving average is C$0.39.

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. The company also holds 60% interest in the Ballinalack project, which comprises 5 PLs covering an area of 169.0 square kilometers located in northeast Ireland; and 76.56% interest in the Stonepark project comprising 6 PLs covering an area of 183.6 square kilometers located in County Limerick, Ireland.