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Group Eleven Resources (ZNG) AI Stock Analysis

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TSE:ZNG

Group Eleven Resources

(TSXV:ZNG)

Select Model
Rating:47Neutral
Price Target:CAD 0.68â–²(4.62% Upside)
Action:reiterated
Date:08/24/26

Financial performance drives the score with a solid debt-free balance sheet supporting operations despite exploration-stage losses and cash burn. Neutral technical signals and unattractive valuation metrics due to negative earnings limit the overall score.

Positive Factors
Low leverageAn essentially debt-free balance sheet reduces refinancing and solvency pressure while preserving flexibility to direct available capital toward exploration. This gives the company greater resilience than a similarly unprofitable explorer carrying meaningful interest obligations or near-term debt maturities.
Negative Factors
Pre-revenue businessThe company has not established an operating revenue stream, so its activities remain dependent on capital-market financing or future transaction outcomes. Until a project is monetized or reaches production, there is no demonstrated commercial engine to fund exploration or generate recurring shareholder returns.

Group Eleven Resources (ZNG) vs. iShares MSCI Canada ETF (EWC)

-50%0%50%100%150%200%250%300%TSE:ZNG+100.00%EWC+19.77%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
CAD 129.48M
Dividend Yield
―
Average Volume (3M)
127.06K
Price to Earnings (P/E)
-25.5
Beta (1Y)
2.31
Revenue Growth
―
EPS Growth
-13.84%
Country
Canada
Employees
10
Sector
Basic Materials
Sector Strength
61
Industry
Industrial Materials

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, and...

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 econo...

Group Eleven Resources Financial Statement Overview

Summary

Balance sheet strength from zero debt and equity growth to 21.7 million is offset by no revenue, widening losses, and negative operating cash flow of 6.3 million.

Income Statement

18Very Negative

Balance Sheet

72Positive

Cash Flow

28Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue000000
Gross Profit-19.11K-10.16K-5,295-3,808-5,651-5,058
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 Assets25.65M17.36M10.73M12.34M10.11M9.93M
Cash, Cash Equivalents and Short-Term Investments16.20M8.08M1.70M3.36M1.12M943.69K
Total Debt000040.00K40.00K
Total Liabilities1.17M1.15M760.47K896.11K751.61K611.17K
Stockholders Equity21.65M13.32M6.99M8.57M6.43M6.27M
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-5,425-6,103-20.85K-2,9660
Financing Cash Flow18.36M11.33M1.52M4.38M2.60M747.00K

Group Eleven Resources Technical Analysis

Technical Analysis SentimentNegative
Last Price0.65

Price Trends

50DMA0.75Negative
100DMA0.79Negative
200DMA0.89Negative

Market Momentum

MACD-0.02Negative
RSI41.17Neutral
STOCH58.15Neutral

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 0.65 is below the 20-day moving average (MA) of 0.69, below the 50-day MA of 0.75, and below the 200-day MA of 0.89, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 41.17 is Neutral, neither overbought nor oversold. The STOCH value of 58.15 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

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

TSE:ZNG against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
TSE:AGXTSE:AGX50NeutralCAD 200.79M44.967.81%―108.81%―
TSE:ZNGTSE:ZNG47NeutralCAD 195.81M-25.49-38.08%――-13.84%
TSE:DMXTSE:DMX43NeutralCAD 72.96M-16.59-17.29%――2.55%
TSE:EMOTSE:EMO42NeutralCAD 56.36M-3.62-20.67%――4.74%
TSE:GRSLTSE:GRSL39UnderperformCAD 122.01M-12.18-28.52%――-128.55%

* Basic Materials Sector Average

Performance Comparison

0%100%200%TSE:ZNGTSE:EMOTSE:AGXTSE:GRSLTSE:DMXDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TSE:ZNG and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:ZNGGroup Eleven Resources Corp0.650.3294.03%
TSE:EMOEmerita Resources0.17-1.09-86.51%
TSE:AGXSilver X Mining Corp.0.660.1632.00%
TSE:GRSLGr Silver Mining Ltd.0.24-0.03-9.26%
TSE:DMXDistrict Metals Corp0.38-0.76-66.67%

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 mana...

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-mas...

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 Ca...

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 germ...

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 way...

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 drill...

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.

Date of analysis: Aug 24, 2026