Commerce Resources (CVE:CCE) Hits New 12-Month Low – Should You Sell?

Commerce Resources Corp. (CVE:CCE)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.11, with a volume of 5000 shares traded. The stock had previously closed at C$0.11.

Commerce Resources Stock Up 7.1 %

The firm has a market capitalization of C$31.80 million, a PE ratio of -15.00 and a beta of 2.43. The firm’s 50-day moving average is C$0.11 and its 200 day moving average is C$0.13. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.71 and a current ratio of 6.73.

Insider Buying and Selling at Commerce Resources

In related news, Senior Officer Ross Carroll acquired 700,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of C$0.13 per share, for a total transaction of C$87,500.00. Insiders own 9.42% of the company’s stock.

Commerce Resources Company Profile

Commerce Resources Corp. engages in the acquisition, exploration, development, and evaluation of mineral resource properties in Canada. The company primarily explores for rare earth elements, as well as tantalum and niobium deposits. Its principal properties are the Eldor property comprising 244 claims that covers an area of approximately 11,475 hectares located in northern Quebec; and the Blue River Tantalum/Niobium property situated in the Blue River region of the Kamloops Mining District of British Columbia.