Group Eleven Resources (ZNG) AI Stock Analysis

• Market Cap: $39.57M
• Dividend Yield: N/A
• Average Volume (3M): 124.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.46
• Revenue Growth: N/A
• EPS Growth: -2.17%
• Country: CA
• Employees: 27
• Sector: Basic Materials
• Sector Strength: 64
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 226,117,720
• 10 Day Avg. Volume: 70,861
• 30 Day Avg. Volume: 124,693
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -14.40
• 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 scores low due to significant financial risks, including persistent operational losses and negative cash flows, despite having no debt. Technical indicators show slight positive momentum, but valuation remains challenging with a negative P/E ratio. Overall, the company's financial instability and lack of revenue are major concerns.

Group Eleven Resources Business Overview & Revenue Model

Company Description

Group Eleven Resources (ZNG) is a mineral exploration company focused primarily on the exploration and development of zinc, lead, silver, and copper deposits. The company operates in the mining sector, with its main activities centered around identifying and advancing mineral exploration projects in Ireland. Group Eleven Resources aims to leverage its technical expertise and strategic partnerships to uncover high-potential mineral resources, contributing to the global supply of essential industrial metals.

How the Company Makes Money

Group Eleven Resources makes money through the acquisition, exploration, and development of mineral properties, particularly those rich in zinc and other base metals. The company generates revenue by discovering economically viable mineral deposits and either selling these assets to larger mining companies or developing them into producing mines. Additionally, Group Eleven may enter into joint ventures or strategic partnerships with other mining companies to share the costs and rewards of mineral exploration and development. Key revenue streams for the company include proceeds from asset sales, royalties, and potentially future mining operations from developed properties.

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
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-6.11K	-3.81K	-5.65K	-5.06K	-5.46K	-9.36K
	EBIT
-2.13M	-2.59M	-2.51M	-1.93M	-1.92M	-3.01M
	EBITDA
-3.04M	-2.53M	-2.51M	-1.98M	-1.94M	-3.06M
	Net Income Common Stockholders
-2.85M	-2.49M	-2.40M	-1.99M	-1.86M	-2.85M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.70M	3.36M	1.12M	943.69K	2.28M	862.02K
	Total Assets
1.93M	12.34M	10.11M	9.93M	11.32M	9.91M
	Total Debt
0.00	0.00	40.00K	40.00K	40.00K	0.00
	Net Debt
-1.70M	-3.36M	-1.08M	-903.69K	-2.24M	-862.02K
	Total Liabilities
203.27K	896.11K	751.61K	611.17K	751.73K	932.16K
	Stockholders Equity
1.73M	8.57M	6.43M	6.27M	7.46M	6.08M
Cash Flow		Free Cash Flow
-2.74M	-2.15M	-2.43M	-2.09M	-1.80M	-2.98M
	Operating Cash Flow
-2.72M	-2.13M	-2.42M	-2.09M	-1.80M	-2.98M
	Investing Cash Flow
-25.77K	-20.85K	-2.97K	0.00	0.00	0.00
	Financing Cash Flow
3.75M	4.38M	2.60M	747.00K	3.22M	1.91M

Group Eleven Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.16
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 0.16 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.19, and below the 200-day MA of 0.19, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.48 is Neutral, neither overbought nor oversold. The STOCH value of 20.00 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SCZ	72 Outperform	C$153.02M	0.74	223.51%	―	―	―
EMO	49 Neutral	C$365.91M	―	-42.57%	―	―	51.26%
Sector *	47 Neutral	$2.64B	-3.21	-21.68%	3.30%	4.19%	-30.23%
ZNG	38 Underperform	$39.57M	―	-40.48%	―	―	-2.17%
BAY	38 Underperform	C$13.91M	―	-349.78%	―	―	-184.91%
TEX	31 Underperform		―	-584.96%	―	―	59.81%

Group Eleven Resources Corporate Events

Group Eleven’s Ballywire Discovery Yields High Germanium Grades

Group Eleven Resources has announced elevated germanium grades from its recent drilling at the Ballywire zinc-lead-silver discovery in Ireland. The discovery of germanium, a valuable metal for the semiconductor industry, over an extended strike length underscores the potential of the site. The company has drilled over 16,100 meters to date and plans to continue drilling to enhance shareholder value. The results from this exploration could reinforce Group Eleven’s position in the mining sector and open new opportunities for growth.

Group Eleven Reports Promising Zinc Discoveries

Group Eleven Resources has announced significant drilling results from its Ballywire zinc-lead-silver project in Ireland, highlighting the expansion of a zinc-rich massive sulphide zone. The latest findings include an impressive 8.7 meters of 23.9% zinc and lead, suggesting a strengthening mineralization trend. Ongoing drilling efforts aim to further explore this promising area.

Group Eleven Welcomes Strategic Investor Michael Gentile

Group Eleven Resources has appointed Michael Gentile, a prominent strategic investor in the junior mining sector, to its board of directors. Gentile, who is the company’s second largest shareholder, brings significant capital markets expertise as Group Eleven advances its promising Ballywire zinc discovery in Ireland. His involvement is expected to enhance the company’s growth and funding capabilities.