Shares of Group Eleven Resources Corp. (CVE:ZNG – Get Free Report) shot up 27.7% during mid-day trading on Friday . The stock traded as high as C$0.34 and last traded at C$0.30. 595,712 shares changed hands during mid-day trading, an increase of 427% from the average session volume of 113,076 shares. The stock had previously closed at C$0.24.
Group Eleven Resources Stock Performance
The company has a market capitalization of C$62.02 million, a P/E ratio of -15.00 and a beta of 1.39. The business has a 50 day moving average of C$0.18 and a 200 day moving average of C$0.18. The company has a quick ratio of 2.73, a current ratio of 6.66 and a debt-to-equity ratio of 0.43.
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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