Commerce Resources Corp. (CVE:CCE – Get Free Report) shares rose 7.7% 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 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 Price Performance
The company’s fifty day moving average price is C$0.08 and its 200 day moving average price is C$0.10. The company has a market capitalization of C$15.90 million, a P/E ratio of -0.42 and a beta of 2.44. The company has a quick ratio of 1.71, a current ratio of 2.52 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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