Group Eleven Resources (ZNG) AI Stock Analysis

• Market Cap: $40.75M
• Dividend Yield: N/A
• Average Volume (3M): 89.85K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.58
• Revenue Growth: N/A
• EPS Growth: -16.90%
• Country: CA
• Employees: 27
• Sector: Basic Materials
• Sector Strength: 62
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 226,367,720
• 10 Day Avg. Volume: 124,766
• 30 Day Avg. Volume: 89,850
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• 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

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.

Group Eleven Resources Business Overview & Revenue Model

Company Description

Group Eleven Resources Corp (ZNG) is a Canadian mineral exploration company focused on the exploration and development of zinc, silver, and lead deposits in Ireland. The company operates within the mining and metals sector, with its primary emphasis being on advancing its high-potential projects located in one of the world's most prolific base metal districts.

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 faces substantial financial challenges with persistent operational losses and negative cash flows. Despite having no debt, the absence of revenue and reliance on external financing highlight significant risks to financial health and sustainability.

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
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-3.81K	-5.65K	-5.06K	-5.46K	-9.36K
	EBIT
-2.59M	-2.51M	-1.93M	-1.92M	-3.01M
	EBITDA
-2.53M	-2.51M	-1.98M	-1.94M	-3.06M
	Net Income Common Stockholders
-2.49M	-2.40M	-1.99M	-1.86M	-2.85M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.36M	1.12M	943.69K	2.28M	862.02K
	Total Assets
12.34M	10.11M	9.93M	11.32M	9.91M
	Total Debt
0.00	40.00K	40.00K	40.00K	0.00
	Net Debt
-3.36M	-1.08M	-903.69K	-2.24M	-862.02K
	Total Liabilities
896.11K	751.61K	611.17K	751.73K	932.16K
	Stockholders Equity
8.57M	6.43M	6.27M	7.46M	6.08M
Cash Flow		Free Cash Flow
-2.15M	-2.43M	-2.09M	-1.80M	-2.98M
	Operating Cash Flow
-2.13M	-2.42M	-2.09M	-1.80M	-2.98M
	Investing Cash Flow
-20.85K	-2.97K	0.00	0.00	0.00
	Financing Cash Flow
4.38M	2.60M	747.00K	3.22M	1.91M

Group Eleven Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.19
• 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 0.19 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.18, and above the 200-day MA of 0.19, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.34 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 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
SCZ	72 Outperform	C$192.16M	0.93	223.51%	―	―	―
Sector *	49 Neutral	$1.96B	-1.23	-21.20%	3.72%	0.88%	-29.24%
EMO	42 Neutral	C$334.32M	―	-42.57%	―	―	51.26%
ZNG	40 Underperform	$40.75M	―	-43.09%	―	―	-16.90%
BAY	36 Underperform	C$13.91M	―	-349.78%	―	―	-184.91%
TEX	29 Underperform		―	-584.96%	―	―	59.81%

Group Eleven Resources Corporate Events

Group Eleven Resources Appoints Franz Bollmann to Board of Directors

Group Eleven Resources has announced the appointment of Franz Bollmann to its Board of Directors, replacing Gatlin Smeijers. Bollmann, nominated by Glencore Canada Corporation, brings extensive experience from his roles at Glencore and Volcan Compañia Minera. This strategic move is expected to enhance shareholder value and strengthen the company’s leadership, aligning with its focus on zinc exploration in Ireland.

Group Eleven Expands High-Grade Zinc-Lead-Silver Discovery at Ballywire

Group Eleven Resources Corp. announced significant assay results from its ongoing drill program at the Ballywire zinc-lead-silver discovery in Ireland. The results include high-grade mineralization, expanding the footprint of the zinc-rich massive sulphide lenses and indicating potential for further exploration. The company plans to continue drilling to explore additional targets, including a Cu-Ag horizon and a gravity anomaly, promising an exciting year of exploration.

Group Eleven Resources Raises $2.5M for Irish Exploration

Group Eleven Resources Corp. has successfully closed a non-brokered private placement, raising $2.5 million through the issuance of 13,157,894 units at $0.19 each. The funds will be used for exploration activities in Ireland, particularly at the Ballywire zinc-lead-silver discovery, and for general working capital. The offering is pending final acceptance from the TSX Venture Exchange, and all issued securities are subject to a hold period until June 29, 2025. Michael Gentile, a director of the company, increased his stake by purchasing additional units, highlighting continued insider confidence in the company’s prospects.

Group Eleven Resources Announces $1.5 Million Private Placement

Group Eleven Resources Corp. has announced a non-brokered private placement aiming to raise $1,500,000 through the issuance of units, each comprising one common share and one-half of a common share purchase warrant. The funds will be directed towards exploration activities in Ireland and general working capital, with notable participation from Michael Gentile, underscoring stakeholder interest in the company’s strategic initiatives.

Group Eleven Resources Upsizes Private Placement to Boost Irish Exploration

Group Eleven Resources Corp. has announced an increase in its non-brokered private placement from $1,500,000 to $2,500,000, allowing for the issuance of up to 13,157,894 units. The funds raised will be directed towards exploration activities in Ireland, specifically at the Ballywire zinc-lead-silver discovery, and for general working capital. This strategic move is expected to strengthen Group Eleven’s exploration efforts and potentially enhance its market position within the zinc exploration industry.

Group Eleven’s Ballywire Drilling Yields Promising Zinc-Lead-Silver Results

Group Eleven Resources Corp. has announced notable results from its latest drilling program at the Ballywire zinc-lead-silver discovery in Ireland. The drilling intersected significant mineralization, including a 15.6-meter section with 11.6% combined zinc and lead, 122 g/t silver, and 0.19% copper, indicating a promising extension of zinc-rich massive sulfide lenses. The discovery, part of the PG West Project, shows potential for further exploration, especially targeting deeper copper and silver horizons. These results could enhance the company’s position in the mining sector, with ongoing drilling expected to expand the resource base and offer new opportunities for mineralization in the region.