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An announcement from Group Eleven Resources ( (TSE:ZNG) ) is now available.
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.
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. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction of zinc, lead, copper, and silver, with a significant focus on its projects in the Republic of Ireland.
YTD Price Performance: 88.89%
Average Trading Volume: 294,947
Technical Sentiment Signal: Buy
Current Market Cap: C$88.71M
Find detailed analytics on ZNG stock on TipRanks’ Stock Analysis page.