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Group Eleven Resources ( (TSE:ZNG) ) has issued an announcement.
Group Eleven Resources Corp. announced its latest drilling results from the Ballywire discovery at its PG West Project in Ireland, revealing a significant mineralized intercept of 39.7 meters containing 9.5% zinc and lead, 131 grams per ton of silver, and 0.27% copper. This discovery extends the known mineralization corridor and suggests potential for deeper copper-silver targets, with ongoing drilling efforts supported by a strong financial position, aiming to enhance shareholder value.
Spark’s Take on TSE:ZNG Stock
According to Spark, TipRanks’ AI Analyst, TSE:ZNG is a Underperform.
Group Eleven Resources faces significant financial challenges with no revenue and ongoing losses, resulting in a low financial performance score. Despite positive corporate events and strategic initiatives, the technical analysis and valuation metrics remain weak, reflecting ongoing risks and limited attractiveness to investors.
To see Spark’s full report on TSE:ZNG stock, click here.
More about Group Eleven Resources
Group Eleven Resources Corp. is a mineral exploration company focused on the exploration and development of zinc, lead, and silver deposits. The company operates primarily in the Republic of Ireland, with a significant focus on its PG West Project, which includes the Ballywire discovery.
Average Trading Volume: 157,295
Technical Sentiment Signal: Buy
Current Market Cap: C$77.93M
See more insights into ZNG stock on TipRanks’ Stock Analysis page.