Commerce Resources Corp. (CVE:CCE – Get Free Report) traded up 21.4% during mid-day trading on Friday . The company traded as high as C$0.09 and last traded at C$0.09. 1,158,609 shares changed hands during trading, an increase of 701% from the average session volume of 144,602 shares. The stock had previously closed at C$0.07.
Commerce Resources Trading Up 28.6 %
The firm has a market capitalization of C$19.08 million, a price-to-earnings ratio of -0.50 and a beta of 2.44. 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 company has a 50-day moving average price of C$0.07 and a 200-day moving average price of C$0.10.
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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