Group Eleven Resources (ZNG) AI Stock Analysis

• Market Cap: C$230.07M
• Dividend Yield: N/A
• Average Volume (3M): 437.21K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.45
• Revenue Growth: N/A
• EPS Growth: -59.57%
• Country: CA
• Employees: 27
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 261,448,030
• 10 Day Avg. Volume: 734,343
• 30 Day Avg. Volume: 437,210
• PEG Ratio: -0.84
• Price to Book (P/B): 5.25
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -11.56
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: C$0.73 ▲(3.57% Upside)

The score is held back primarily by weak financial performance (no revenue, widening losses, and worsening cash burn), partially offset by a low-debt balance sheet. Technicals are supportive with strong uptrend and positive momentum, while valuation remains pressured due to negative earnings. Recent corporate updates are constructive, driven by encouraging exploration results.

Group Eleven Resources Business Overview & Revenue Model

Company Description

Group Eleven Resources Corp. engages in the 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 five licenses (PLs) covering 133 square kilometers located in the northern County Tipperary; the PG West project consists of 25 PLs located in the Limerick region. The company also holds 60% interest in the Ballinalack project, which comprises 6 PLs located in northeast Ireland; and 76.56% interest in the Stonepark project located in County Limerick, Ireland. Group Eleven Resources Corp. was founded in 2015 and is based in Vancouver, Canada.

How the Company Makes Money

Group Eleven Resources generates revenue primarily through the exploration and potential development of mineral resources. The company seeks to discover and delineate economically viable mineral deposits, which can either be developed into producing mines or sold to larger mining companies. Revenue can be generated through the sale of mineral rights, joint venture agreements, or eventual mining operations. The company may also secure funding through equity financing, partnerships, and strategic alliances, which contribute to its capital for ongoing exploration activities.

Group Eleven Resources Financial Statement Overview

Summary

Group Eleven Resources shows significant financial instability with no revenue and ongoing operational losses. Despite the absence of debt, the company struggles with negative cash flows and declining equity, indicating high financial risk.

Income Statement

The company has consistently reported zero revenue over the analyzed periods, indicating a lack of commercial operations or product sales. Significant negative net income, EBIT, and EBITDA margins highlight ongoing operational losses, which is a major concern for financial stability and profitability.

Balance Sheet

The balance sheet shows no debt, which reduces financial risk. However, the company's equity has been declining, and total assets are decreasing over time. The equity ratio is relatively high, indicating reliance on equity funding. These factors suggest moderate financial stability but limited growth potential.

Cash Flow

Negative operating and free cash flows indicate that the company is not generating sufficient cash from its operations, relying instead on external financing. This raises concerns about the company’s ability to sustain its operations without additional funding.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-9.76K	-5.29K	-3.81K	-5.65K	-5.06K	-5.46K
EBITDA	-4.98M	-3.46M	-2.53M	-2.51M	-1.98M	-1.94M
Net Income	-5.03M	-3.38M	-2.49M	-2.40M	-1.99M	-1.86M
Balance Sheet
Total Assets	17.62M	10.73M	12.34M	10.11M	9.93M	11.32M
Cash, Cash Equivalents and Short-Term Investments	8.42M	1.70M	3.36M	1.12M	943.69K	2.28M
Total Debt	0.00	0.00	0.00	40.00K	40.00K	40.00K
Total Liabilities	940.88K	760.47K	896.11K	751.61K	611.17K	751.73K
Stockholders Equity	13.75M	6.99M	8.57M	6.43M	6.27M	7.46M
Cash Flow
Free Cash Flow	-4.48M	-3.17M	-2.15M	-2.43M	-2.09M	-1.80M
Operating Cash Flow	-4.44M	-3.17M	-2.13M	-2.42M	-2.09M	-1.80M
Investing Cash Flow	-47.17K	-6.10K	-20.85K	-2.97K	0.00	0.00
Financing Cash Flow	10.92M	1.52M	4.38M	2.60M	747.00K	3.22M

Group Eleven Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ZNG, the sentiment is Positive. The current price of 0.7 is below the 20-day moving average (MA) of 0.71, above the 50-day MA of 0.53, and above the 200-day MA of 0.37, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 60.84 is Neutral, neither overbought nor oversold. The STOCH value of 68.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ZNG.

Group Eleven Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ZNG	57 Neutral	C$230.07M	-34.22	-46.64%	―	―	-59.57%
GRSL	57 Neutral	C$197.09M	-21.32	-50.60%	―	―	-235.10%
DMX	51 Neutral	C$221.54M	-56.31	-20.92%	―	―	7.50%
BCM	49 Neutral	C$208.17M	-1.50	-525.71%	―	-4.16%	-66.82%
AGX	45 Neutral	C$276.87M	-91.82	-6.09%	―	8.28%	87.46%
EMO	42 Neutral	C$188.15M	-12.25	-46.38%	―	―	19.55%

Group Eleven Resources Corporate Events

Group Eleven Grants Stock Options and DSUs to Align Management and Board with Shareholders

Group Eleven Resources has granted 2.6 million stock options to directors, officers and employees under its stock option plan, vesting over two years with a five-year term and an exercise price of C$0.63 per share. The company has also awarded 95,238 deferred share units to its independent directors for 2024 services, reinforcing equity-based incentives that align management and board interests with shareholders as it advances its Irish base metals projects.

Group Eleven Unveils New Mineralized Zone at Ballywire

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.

Group Eleven Reports Promising Drilling Results at Ballywire Discovery

Group Eleven Resources Corp. has announced significant drilling results from its Ballywire discovery at the PG West Project in Ireland. The latest drill holes have revealed substantial mineralization of zinc, lead, copper, and silver, indicating a strong mineralization system. The discovery of both Zn-Pb-Ag and Cu-Ag zones in close proximity is advantageous for future mining operations. The results suggest potential for further exploration and value addition for shareholders, with the identification of a parallel mineralizing system yet to be drilled.