Group Eleven Resources Corp. (CVE:ZNG – Get Free Report) dropped 2.6% during mid-day trading on Tuesday . The stock traded as low as C$0.19 and last traded at C$0.19. Approximately 55,000 shares changed hands during trading, a decline of 50% from the average daily volume of 109,138 shares. The stock had previously closed at C$0.20.
Group Eleven Resources Stock Down 2.6 %
The company’s fifty day simple moving average is C$0.19 and its 200 day simple moving average is C$0.19. 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 firm has a market capitalization of C$39.28 million, a PE ratio of -9.50 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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