Commerce Resources (CVE:CCE) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Commerce Resources Corp. (CVE:CCE)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.16 and traded as low as C$0.13. Commerce Resources shares last traded at C$0.16, with a volume of 592,449 shares traded.

Commerce Resources Price Performance

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 firm has a market cap of C$33.92 million, a price-to-earnings ratio of -16.00 and a beta of 1.60. The company’s fifty day moving average is C$0.16 and its two-hundred day moving average is C$0.16.

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.