Commerce Resources Corp. (CVE:CCE – Get Free Report) shares dropped 16.7% on Thursday . The company traded as low as C$0.13 and last traded at C$0.13. Approximately 183,000 shares changed hands during mid-day trading, an increase of 85% from the average daily volume of 99,181 shares. The stock had previously closed at C$0.15.
Commerce Resources Stock Up 12.5 %
The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.71 and a current ratio of 0.70. The stock’s 50 day moving average price is C$0.11 and its 200-day moving average price is C$0.11. The company has a market cap of C$22.68 million, a PE ratio of -13.50 and a beta of 2.12.
About Commerce Resources
Commerce Resources Corp. acquires, explores, develops, and evaluates 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 British Columbia.
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