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Group Eleven Resources
(ZNG)
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Rating:48Neutral
Price Target:
C$0.66
▼(-25.51% Downside)
Action:Reiterated
Date:08/24/26
The score is held back primarily by weak financial performance (pre-revenue, widening losses, and rising cash burn), partially offset by a low-debt balance sheet. Technicals are neutral-to-mixed with stabilization near short-term averages but weaker medium-term trend. Valuation is constrained by ongoing losses (negative P/E) and no dividend yield, while recent corporate events provide a modest positive catalyst via encouraging exploration results and governance stability.
Positive Factors
Low leverage
An essentially debt-free balance sheet reduces refinancing and solvency pressure while preserving financial flexibility. This gives Group Eleven more capacity to direct available capital toward exploration and limits the interest burden that can compound losses during development-stage operations.
Negative Factors
No operating revenue
The company remains pre-revenue, so it has not demonstrated that its exploration assets can generate recurring operating income. Until a project is monetized, Group Eleven depends on external capital or transactions to fund activities, limiting earnings visibility over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
An essentially debt-free balance sheet reduces refinancing and solvency pressure while preserving financial flexibility. This gives Group Eleven more capacity to direct available capital toward exploration and limits the interest burden that can compound losses during development-stage operations.
Read all positive factors
Group Eleven Resources (ZNG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$181.62M
Dividend YieldN/A
Average Volume (3M)108.28K
Price to Earnings (P/E)―
Beta (1Y)2.31
Revenue GrowthN/A
EPS Growth-13.84%
CountryCA
Employees10
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding283,781,340
10 Day Avg. Volume96,059
30 Day Avg. Volume108,277
Financial Highlights & Ratios
PEG Ratio-0.70
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. is an exploration company primarily focused on discovering and evaluating mineral properties across Ireland. Its core objective is to identify significant deposits of base and precious metals, specifically zinc, lead, ...
How the Company Makes Money
Group Eleven Resources does not typically generate operating revenue from selling products or services because it is primarily an exploration-stage company. As a result, specific recurring revenue streams from operations are null. The company’s ec...
Group Eleven Resources Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
55
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -19.11K | -10.16K | -5.29K | -3.81K | -5.65K | -5.06K |
| EBITDA | -7.11M | -5.70M | -3.46M | -2.53M | -2.51M | -1.98M |
| Net Income | -6.83M | -5.57M | -3.38M | -2.49M | -2.40M | -1.99M |
Balance Sheet | ||||||
| Total Assets | 25.65M | 17.36M | 10.73M | 12.34M | 10.11M | 9.93M |
| Cash, Cash Equivalents and Short-Term Investments | 16.20M | 8.08M | 1.70M | 3.36M | 1.12M | 943.69K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 40.00K | 40.00K |
| Total Liabilities | 1.17M | 1.15M | 760.47K | 896.11K | 751.61K | 611.17K |
| Stockholders Equity | 21.65M | 13.32M | 6.99M | 8.57M | 6.43M | 6.27M |
Cash Flow | ||||||
| Free Cash Flow | -6.37M | -5.01M | -3.17M | -2.15M | -2.43M | -2.09M |
| Operating Cash Flow | -6.28M | -4.95M | -3.17M | -2.13M | -2.42M | -2.09M |
| Investing Cash Flow | -38.60K | -5.42K | -6.10K | -20.85K | -2.97K | 0.00 |
| Financing Cash Flow | 18.36M | 11.33M | 1.52M | 4.38M | 2.60M | 747.00K |
Group Eleven Resources Technical Analysis
Negative
0.89
Price Trends
0.79
Negative
0.81
Negative
0.90
Negative
Market Momentum
-0.03
Positive
35.32
Neutral
32.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ZNG, the sentiment is Negative. The current price of 0.89 is above the 20-day moving average (MA) of 0.72, above the 50-day MA of 0.79, and below the 200-day MA of 0.90, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 35.32 is Neutral, neither overbought nor oversold. The STOCH value of 32.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
48 Neutral | C$181.62M | -25.10 | -38.08% | ― | ― | -13.84% | |
48 Neutral | C$195.05M | 47.25 | 7.81% | ― | 108.81% | ― | |
45 Neutral | C$74.88M | -17.03 | -17.29% | ― | ― | 2.55% | |
43 Neutral | C$80.09M | -5.59 | -20.67% | ― | ― | 4.74% | |
42 Neutral | C$129.80M | -12.69 | -28.52% | ― | ― | -128.55% |
* Basic Materials Sector Average
TSE:ZNG
Group Eleven Resources
0.64
0.33
103.17%
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Group Eleven Resources Corporate Events
Business Operations and StrategyExecutive/Board Changes
Group Eleven Awards Stock Options and DSUs to Align Leadership with Exploration Strategy
Positive
Oct 27, 2026
Group Eleven Resources has granted 2,710,000 incentive stock options to directors, officers and employees, with options vesting over two years, exercisable at $0.66 per share and expiring after five years from the grant date. The issuance aligns m...
Business Operations and Strategy
Group Eleven Extends High-Grade Strike at Ireland’s Ballywire Discovery
Positive
Oct 14, 2026
Group Eleven Resources reported strong assay results from five new drill holes at its Ballywire zinc-lead-silver-copper discovery in Ireland, extending higher-grade mineralization by 270 meters and increasing the strike length of massive and semi-...
Business Operations and Strategy
Group Eleven to Spotlight Irish Zinc Discovery at Gentile Mining Investor Forum in London
Positive
Sep 18, 2026
Group Eleven Resources Corp. will participate in the inaugural Gentile Mining Investor Forum in London on October 19, 2026, joining more than 20 junior mining companies backed by strategic investor Michael Gentile. The event, organized with Amvest...
Business Operations and Strategy
Group Eleven Boosts Ballywire Germanium Grades With New Assay Method
Positive
Sep 17, 2026
Group Eleven Resources has reported significantly higher germanium grades at its Ballywire zinc discovery in Ireland after adopting a more accurate sodium peroxide fusion assay method. Re-analysis of 220 core samples from five drill holes showed g...
Business Operations and StrategyExecutive/Board Changes
Group Eleven Settles Director Fees Through Share Issuance
Neutral
Sep 4, 2026
Group Eleven Resources has reached an agreement with former director Alessandro Bitelli to settle C$32,250 in outstanding fees by issuing 38,393 common shares at C$0.84 per share, rather than paying cash. The board views this debt settlement as a ...
Business Operations and Strategy
Group Eleven Extends High-Grade Mineralization at Irish Ballywire Discovery
Positive
Aug 20, 2026
Group Eleven Resources Corp. is a mineral exploration company focused on zinc, lead, copper and silver in Ireland. Its flagship PG West Project hosts the Ballywire prospect, a major base metal discovery that the firm is advancing with multi-rig dr...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Group Eleven Shareholders Back Board, Auditor and Equity Plan at AGM
Positive
Aug 11, 2026
Group Eleven Resources said that shareholders approved all motions at its annual general meeting in Vancouver, including the election of the full slate of director nominees and the reappointment of Davidson Company as auditor. Investors also back...
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.