Group Eleven Resources Corp. (TSE:ZNG)
:ZNG
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Group Eleven Resources
(ZNG)
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Rating:55Neutral
Price Target:
C$1.00
▲(42.86% Upside)
Action:ReiteratedDate:04/14/26
The score is capped by weak fundamentals—no revenue, widening losses, and rising cash burn implying ongoing financing risk—despite a low-debt balance sheet. Technicals are a meaningful positive with strong price trend and bullish momentum, while valuation remains difficult to support due to negative earnings and no dividend yield data.
Positive Factors
Low Leverage
Near-zero debt materially reduces solvency risk and preserves balance-sheet flexibility for a mineral-explorer. Over a 2–6 month horizon this enables the company to pursue drilling or JV talks without immediate debt servicing constraints and makes equity financings less urgent.
Negative Factors
No Revenue / Widening Losses
Absence of operating revenue and progressively larger net losses are structural issues for an explorer: they reflect project-stage risk and increase the need for external capital. Over months this erodes equity cushions and weakens negotiating leverage with potential partners.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Near-zero debt materially reduces solvency risk and preserves balance-sheet flexibility for a mineral-explorer. Over a 2–6 month horizon this enables the company to pursue drilling or JV talks without immediate debt servicing constraints and makes equity financings less urgent.
Read all positive factors
Group Eleven Resources (ZNG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$320.27M
Dividend YieldN/A
Average Volume (3M)437.21K
Price to Earnings (P/E)―
Beta (1Y)2.03
Revenue GrowthN/A
EPS Growth-59.57%
CountryCA
Employees10
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding280,938,420
10 Day Avg. Volume734,343
30 Day Avg. Volume437,210
Financial Highlights & Ratios
PEG Ratio-0.71
Price to Book (P/B)12.96
Price to Sales (P/S)0.00
P/FCF Ratio-34.49
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 ...
How the Company Makes Money
As a mineral exploration-stage company, Group Eleven Resources does not typically generate operating revenue from product sales. Its activities are generally funded through external financing (such as equity placements and other capital market tra...
Group Eleven Resources Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
55
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -10.16K | -5.29K | -3.81K | -5.65K | -5.06K |
| EBITDA | -5.70M | -3.46M | -2.53M | -2.51M | -1.98M |
| Net Income | -5.57M | -3.38M | -2.49M | -2.40M | -1.99M |
Balance Sheet | |||||
| Total Assets | 17.36M | 10.73M | 12.34M | 10.11M | 9.93M |
| Cash, Cash Equivalents and Short-Term Investments | 8.08M | 1.70M | 3.36M | 1.12M | 943.69K |
| Total Debt | 0.00 | 0.00 | 0.00 | 40.00K | 40.00K |
| Total Liabilities | 1.15M | 760.47K | 896.11K | 751.61K | 611.17K |
| Stockholders Equity | 13.32M | 6.99M | 8.57M | 6.43M | 6.27M |
Cash Flow | |||||
| Free Cash Flow | -5.01M | -3.17M | -2.15M | -2.43M | -2.09M |
| Operating Cash Flow | -4.95M | -3.17M | -2.13M | -2.42M | -2.09M |
| Investing Cash Flow | -5.42K | -6.10K | -20.85K | -2.97K | 0.00 |
| Financing Cash Flow | 11.33M | 1.52M | 4.38M | 2.60M | 747.00K |
Group Eleven Resources Technical Analysis
Positive
0.70
Price Trends
0.92
Positive
0.78
Positive
0.56
Positive
Market Momentum
0.05
Negative
62.17
Neutral
68.82
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 1.02, below the 50-day MA of 0.92, and above the 200-day MA of 0.56, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 62.17 is Neutral, neither overbought nor oversold. The STOCH value of 68.82 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | C$170.50M | -11.19 | -64.64% | ― | ― | -235.10% | |
55 Neutral | C$320.27M | -31.01 | -52.28% | ― | ― | -59.57% | |
50 Neutral | C$214.60M | -59.63 | -5.80% | ― | 8.28% | 87.46% | |
44 Neutral | C$133.78M | -64.93 | -19.16% | ― | ― | 7.50% | |
40 Underperform | C$94.92M | -13.99 | -46.38% | ― | ― | 19.55% |
* Basic Materials Sector Average
TSE:ZNG
Group Eleven Resources
1.14
0.96
533.33%
TSE:EMO
Emerita Resources
0.34
-1.02
-75.19%
TSE:AGX
Silver X Mining
0.79
0.61
327.03%
TSE:GRSL
GR Silver Mining
0.36
0.21
132.26%
TSE:DMX
District Metals
0.77
0.48
165.52%
Group Eleven Resources Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Group Eleven Lines Up C$9 Million Bought Deal to Advance Irish Zinc Exploration
Positive
Mar 3, 2026
Group Eleven Resources has arranged a C$9 million bought deal private placement, issuing 10 million common shares at C$0.90 each through a syndicate led by ATB Cormark Capital Markets. The underwriters also hold an option to place an additional 1....
Business Operations and Strategy
Group Eleven Marks Best Ballywire Hit Yet, Confirms Wider Cu-Ag Potential
Positive
Feb 25, 2026
Group Eleven Resources reported new drill results from its Ballywire discovery at the PG West Project in Ireland, extending a previously announced high-grade interval to 52.3 metres grading 10.3% combined zinc and lead, 330 grams per tonne silver ...
Business Operations and Strategy
Group Eleven Extends Ballywire Massive Sulphide Zone with Best Drill Results to Date
Positive
Jan 19, 2026
Group Eleven Resources reported its best drilling results to date from the Ballywire discovery at its PG West project in Ireland, highlighted by hole 25-3552-51, which intersected 29.9 metres grading 15.3% zinc plus lead, 552 g/t silver and 0.67% ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.