Commerce Resources Corp. (CVE:CCE – Get Free Report) shares rose 30.4% on Thursday . The company traded as high as C$0.17 and last traded at C$0.15. Approximately 1,061,259 shares traded hands during mid-day trading, an increase of 510% from the average daily volume of 173,947 shares. The stock had previously closed at C$0.12.
Commerce Resources Stock Up 30.4%
The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.71 and a current ratio of 2.52. The company has a market cap of C$31.80 million, a price-to-earnings ratio of -0.88 and a beta of 1.44. The stock’s fifty day moving average is C$0.10 and its two-hundred day moving average is C$0.08.
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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