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

Shares of Commerce Resources Corp. (CVE:CCE) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.08 and last traded at C$0.08, with a volume of 87000 shares changing hands. The stock had previously closed at C$0.08.

Commerce Resources Price Performance

The firm has a market capitalization of C$16.96 million, a P/E ratio of -0.44 and a beta of 2.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.52 and a quick ratio of 1.71. The stock has a fifty day moving average of C$0.12 and a 200 day moving average of C$0.12.

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.