Commerce Resources Corp. (CVE:CCE – Get Free Report) dropped 12.5% during mid-day trading on Thursday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 871,360 shares traded hands during trading, an increase of 802% from the average daily volume of 96,555 shares. The stock had previously closed at C$0.08.
Commerce Resources Price Performance
The company has a quick ratio of 1.71, a current ratio of 2.52 and a debt-to-equity ratio of 0.19. The business’s 50-day simple moving average is C$0.11 and its 200-day simple moving average is C$0.12. The stock has a market cap of C$15.90 million, a PE ratio of -0.42 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.
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