Group Eleven Resources Corp., a Canadian exploration and development company specializing in zinc ore production and silver mining projects, has recently made significant strides in its exploration activities. The company, listed on the TSX Venture Exchange under the ticker symbol ELE, announced a notable discovery on December 2, 2025. This announcement highlighted the identification of a new mineralized zone located south of the main discovery trend at Ballywire. The drilling results revealed a substantial intersection of 7.3 meters of 5.2% zinc (Zn) and lead (Pb) with 10 grams per tonne (g/t) of silver (Ag). Notably, within this intersection, a 3.8-meter section exhibited an enhanced grade of 7.3% Zn + Pb and 14 g/t Ag.
This discovery is particularly significant as it extends the mineralization beyond the previously established main trend, potentially increasing the resource base and enhancing the project’s overall value. The company’s focus on zinc and silver exploration aligns with its strategic objectives to develop and expand its resource portfolio in these metals.
Financially, Group Eleven Resources Corp. has experienced fluctuations in its stock performance over the past year. As of December 15, 2025, the company’s closing price was CAD 0.66. This price falls within a 52-week range of CAD 0.135 to CAD 0.79, with the highest price recorded on December 11, 2025, at CAD 0.79. The market capitalization of the company stands at CAD 164,712,256, reflecting its current valuation in the market.
The company’s financial metrics indicate a price-to-earnings (P/E) ratio of -28.96, which is not uncommon for exploration-focused companies that may not yet be generating profits. The negative P/E ratio underscores the company’s ongoing investment in exploration and development activities, which are critical for future growth but may not immediately translate into earnings. Additionally, the price-to-book (P/B) ratio of 13.7583 suggests that the market values the company’s assets significantly higher than their book value, possibly due to the potential of its exploration projects.
In summary, Group Eleven Resources Corp. continues to advance its exploration efforts, with recent discoveries at Ballywire enhancing its prospects in the zinc and silver sectors. While the company’s financial metrics reflect its current focus on exploration, the recent findings could pave the way for future development and increased market valuation.
