Commerce Resources (CVE:CCE) Reaches New 52-Week Low – Here’s Why

Shares of Commerce Resources Corp. (CVE:CCE) hit a new 52-week low during trading on Monday . The stock traded as low as C$0.07 and last traded at C$0.07, with a volume of 8450 shares trading hands. The stock had previously closed at C$0.07.

Commerce Resources Stock Performance

The company has a market cap of C$13.78 million, a PE ratio of -0.36 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. The business’s 50 day moving average is C$0.08 and its two-hundred day moving average is 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.