Commerce Resources Corp. (CVE:CCE – Get Free Report) shares shot up 27.3% during mid-day trading on Thursday . The stock traded as high as C$0.07 and last traded at C$0.07. 427,950 shares were traded during mid-day trading, an increase of 151% from the average session volume of 170,672 shares. The stock had previously closed at C$0.06.
Commerce Resources Price Performance
The stock has a market capitalization of C$14.84 million, a price-to-earnings ratio of -0.39 and a beta of 2.44. The firm’s fifty day moving average is C$0.07 and its 200-day moving average is C$0.07. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.52 and a quick ratio of 1.71.
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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