Commerce Resources Corp. (CVE:CCE – Get Free Report)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.08 and last traded at C$0.08, with a volume of 236000 shares changing hands. The stock had previously closed at C$0.08.
Commerce Resources Price Performance
The business has a fifty day simple moving average of C$0.12 and a two-hundred day simple moving average of C$0.12. The company has a market cap of C$15.90 million, a PE ratio of -0.42 and a beta of 2.44. The company has a current ratio of 2.52, a quick ratio of 1.71 and a debt-to-equity ratio of 0.19.
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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