Group Eleven Resources Corp. (CVE:ZNG – Get Free Report) shares were down 13.6% during trading on Tuesday . The company traded as low as C$0.17 and last traded at C$0.19. Approximately 193,247 shares changed hands during trading, an increase of 182% from the average daily volume of 68,513 shares. The stock had previously closed at C$0.22.
Group Eleven Resources Price 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 business has a 50 day simple moving average of C$0.18 and a 200-day simple moving average of C$0.18. The company has a market capitalization of C$40.31 million, a P/E ratio of -9.75 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.
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