Group Eleven Resources (CVE:ZNG) Stock Price Down 13.6% – What’s Next?

Group Eleven Resources Corp. (CVE:ZNG)’s stock price dropped 13.6% during trading on Tuesday . The stock traded as low as C$0.17 and last traded at C$0.19. Approximately 193,247 shares traded 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 Stock Up 7.9 %

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 firm has a market cap of C$42.38 million, a P/E ratio of -10.25 and a beta of 1.39. The stock’s fifty day moving average is C$0.18 and its two-hundred day moving average is C$0.18.

Group Eleven Resources Company Profile

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.