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Group Eleven Resources ( (TSE:ZNG) ) has shared an announcement.
Group Eleven Resources has announced promising results from its latest drilling at the Ballywire discovery within the PG West Project in Ireland. The results extend the mineralized corridor by 135 meters and highlight the potential for deeper copper-silver targets. With three rigs currently in operation and plans for further drilling, the company is well-positioned to enhance shareholder value and strengthen its market position in the mineral exploration industry.
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 based in Vancouver, Canada, focusing on the exploration and development of base metals, particularly copper, silver, zinc, and lead. The company operates primarily in the Republic of Ireland, with its flagship project being the PG West Project, where it has made significant mineral discoveries.
Average Trading Volume: 199,180
Technical Sentiment Signal: Buy
Current Market Cap: C$78.67M
See more data about ZNG stock on TipRanks’ Stock Analysis page.