Group Eleven Resources (CVE:ZNG) Trading Down 1.9% – Here’s Why

Group Eleven Resources Corp. (CVE:ZNG)’s stock price fell 1.9% during trading on Tuesday . The company traded as low as C$1.02 and last traded at C$1.04. 77,696 shares were traded during trading, a decline of 74% from the average session volume of 298,857 shares. The stock had previously closed at C$1.06.

Group Eleven Resources Stock Down 1.9%

The stock’s fifty day moving average is C$1.10 and its 200 day moving average is C$0.86. 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 company has a market capitalization of C$286.63 million, a P/E ratio of -51.00 and a beta of 3.16.

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.