Commerce Resources Corp. (CVE:CCE – Get Free Report)’s share price was up 7.7% during trading on Tuesday . The company traded as high as C$0.08 and last traded at C$0.07. Approximately 153,025 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 200,850 shares. The stock had previously closed at C$0.07.
Commerce Resources Stock Performance
The stock’s 50 day moving average price is C$0.08 and its two-hundred day moving average price is C$0.10. The company has a current ratio of 2.52, a quick ratio of 1.71 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of C$15.90 million, a price-to-earnings ratio of -0.42 and a beta of 2.44.
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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