Group Eleven Resources Corp. (TSE:ZNG)
:ZNG
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Group Eleven Resources
(ZNG)
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Rating:57Neutral
Price Target:
C$0.93
▲(33.14% Upside)
Action:UpgradedDate:12/30/25
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.
Positive Factors
Conservative Balance Sheet
Low leverage and materially higher assets and equity versus prior periods reduce refinancing and solvency risk for an exploration company. This stronger capitalization increases runway flexibility for drilling programs and potential transactions, improving durability through funding cycles.
Negative Factors
Pre-Revenue Profile
A sustained pre-revenue model with widening net losses limits internal funding capacity and requires ongoing financing to progress projects. Without imminent revenue or a transaction, persistent losses erode shareholder value and increase execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage and materially higher assets and equity versus prior periods reduce refinancing and solvency risk for an exploration company. This stronger capitalization increases runway flexibility for drilling programs and potential transactions, improving durability through funding cycles.
Read all positive factors
Group Eleven Resources (ZNG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$286.55M
Dividend YieldN/A
Average Volume (3M)437.21K
Price to Earnings (P/E)―
Beta (1Y)2.09
Revenue GrowthN/A
EPS Growth-59.57%
CountryCA
Employees27
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding280,932,400
10 Day Avg. Volume734,343
30 Day Avg. Volume437,210
Financial Highlights & Ratios
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 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
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 produci...
Group Eleven Resources Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
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
Positive
0.70
Price Trends
0.87
Positive
0.71
Positive
0.53
Positive
Market Momentum
0.03
Positive
55.80
Neutral
70.97
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 1.01, below the 50-day MA of 0.87, and above the 200-day MA of 0.53, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 55.80 is Neutral, neither overbought nor oversold. The STOCH value of 70.97 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% | |
57 Neutral | C$286.55M | -19.13 | -52.28% | ― | ― | -59.57% | |
56 Neutral | C$155.23M | -11.19 | -64.64% | ― | ― | -235.10% | |
50 Neutral | C$188.81M | -59.63 | -5.80% | ― | 8.28% | 87.46% | |
44 Neutral | C$123.10M | -13.99 | -46.38% | ― | ― | 19.55% | |
44 Neutral | C$98.58M | -64.93 | -19.16% | ― | ― | 7.50% |
* Basic Materials Sector Average
TSE:ZNG
Group Eleven Resources
1.02
0.84
466.67%
TSE:EMO
Emerita Resources
0.42
-1.01
-70.77%
TSE:AGX
Silver X Mining
0.66
0.51
345.95%
TSE:GRSL
GR Silver Mining
0.31
0.15
96.77%
TSE:DMX
District Metals
0.56
0.23
67.16%
Group Eleven Resources Corporate Events
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% ...
Business Operations and StrategyExecutive/Board Changes
Group Eleven Grants Stock Options and DSUs to Align Management and Board with Shareholders
Positive
Dec 18, 2025
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,...
Business Operations and Strategy
Group Eleven Unveils New Mineralized Zone at Ballywire
Positive
Dec 2, 2025
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 f...
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.