Group Eleven Resources (CVE:ZNG) Trading Down 2.8% – Here’s What Happened

Group Eleven Resources Corp. (CVE:ZNG) dropped 2.8% during trading on Friday . The company traded as low as C$0.18 and last traded at C$0.18. Approximately 25,200 shares traded hands during trading, a decline of 81% from the average daily volume of 134,463 shares. The stock had previously closed at C$0.18.

Group Eleven Resources Price Performance

The firm has a market cap of C$36.18 million, a PE ratio of -8.75 and a beta of 1.39. The firm’s fifty day simple moving average is C$0.19 and its two-hundred day simple moving average is 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.