Commerce Resources (CVE:CCE) Stock Price Up 22.2% – Here’s Why

Commerce Resources Corp. (CVE:CCE)’s stock price shot up 22.2% on Monday . The stock traded as high as C$0.12 and last traded at C$0.11. 863,789 shares traded hands during mid-day trading, an increase of 386% from the average session volume of 177,681 shares. The stock had previously closed at C$0.09.

Commerce Resources Stock Up 5.9 %

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 business’s 50-day simple moving average is C$0.08 and its 200-day simple moving average is C$0.10. The company has a market capitalization of C$19.08 million, a PE ratio of -0.50 and a beta of 2.44.

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.