Commerce Resources Corp. (CVE:CCE – Get Free Report)’s share price rose 28.6% during mid-day trading on Friday . The company traded as high as C$0.10 and last traded at C$0.09. Approximately 1,291,709 shares traded hands during mid-day 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 Trading Up 28.6 %
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. The business’s 50 day moving average price is C$0.07 and its 200-day moving average price is C$0.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.71 and a current ratio of 2.52.
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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