Shares of Commerce Resources Corp. (CVE:CCE – Get Free Report) were up 22.2% during mid-day trading on Monday . The stock traded as high as C$0.12 and last traded at C$0.11. Approximately 863,789 shares traded hands during mid-day trading, an increase of 386% from the average daily volume of 177,681 shares. The stock had previously closed at C$0.09.
Commerce Resources Trading Up 5.9 %
The firm has a market cap of C$19.08 million, a price-to-earnings ratio of -0.50 and a beta of 2.44. The company has a fifty day moving average price of C$0.08 and a 200-day moving average price of 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.
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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