Commerce Resources (CVE:CCE) Trading Down 3.7%

Commerce Resources Corp. (CVE:CCE)’s share price was down 3.7% on Wednesday . The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 114,500 shares were traded during trading, an increase of 37% from the average daily volume of 83,670 shares. The stock had previously closed at C$0.14.

Commerce Resources Stock Down 7.4 %

The firm has a 50 day moving average price of C$0.15 and a two-hundred day moving average price of C$0.13. The company has a quick ratio of 1.71, a current ratio of 16.94 and a debt-to-equity ratio of 0.15. The company has a market capitalization of C$21.00 million, a price-to-earnings ratio of -6.25 and a beta of 2.22.

Commerce Resources (CVE:CCE) last announced its earnings results on Wednesday, February 14th. The company reported C($0.01) earnings per share for the quarter.

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.