Commerce Resources Corp. (CVE:CCE – Get Free Report) shares shot up 28.6% during mid-day trading on Friday . The stock traded as high as C$0.10 and last traded at C$0.09. Approximately 1,291,709 shares changed hands during trading, an increase of 749% from the average daily volume of 152,215 shares. The stock had previously closed at C$0.07.
Commerce Resources Stock Performance
The stock has a fifty day moving average price of C$0.07 and a 200 day moving average price of C$0.10. The company has a current ratio of 2.52, a quick ratio of 1.71 and a debt-to-equity ratio of 0.19. The firm has a market cap of C$19.08 million, a price-to-earnings ratio of -0.50 and a beta of 2.44.
Commerce Resources Company Profile
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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