Commerce Resources Corp. (CVE:CCE – Get Free Report)’s stock price was up 14.3% on Friday . The company traded as high as C$0.09 and last traded at C$0.08. Approximately 1,013,609 shares were traded during mid-day trading, an increase of 715% from the average daily volume of 124,385 shares. The stock had previously closed at C$0.07.
Commerce Resources Trading Up 28.6 %
The stock has a market capitalization of C$19.08 million, a PE ratio of -0.50 and a beta of 2.44. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.71 and a current ratio of 2.52. The business’s 50-day moving average is C$0.07 and its two-hundred day moving average is C$0.10.
About Commerce Resources
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.
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