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Group Eleven Resources ( (TSE:ZNG) ) has issued an announcement.
Group Eleven Resources Corp. announced the discovery of a new mineralized zone at its Ballywire prospect in Ireland, with promising zinc, lead, and silver results. The latest drilling results extend the known mineralization and suggest potential for additional zones, enhancing the project’s tonnage potential and exploration upside.
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 zinc, lead, and silver exploration in the Republic of Ireland. The company operates the PG West Project, which is 100% owned and represents a significant mineral discovery in Ireland.
Average Trading Volume: 385,416
Technical Sentiment Signal: Buy
Current Market Cap: C$117.7M
See more insights into ZNG stock on TipRanks’ Stock Analysis page.