Commerce Resources (CVE:CCE) Shares Up 30.4% – Time to Buy?

Commerce Resources Corp. (CVE:CCE) shares were up 30.4% during mid-day trading on Friday . The company traded as high as C$0.17 and last traded at C$0.15. Approximately 1,061,259 shares were traded during trading, an increase of 510% from the average daily volume of 173,947 shares. The stock had previously closed at C$0.12.

Commerce Resources Trading Up 16.7%

The stock has a market cap of C$37.10 million, a price-to-earnings ratio of -1.03 and a beta of 1.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.52 and a quick ratio of 1.71. The company’s fifty day moving average price is C$0.10 and its 200-day moving average price is C$0.08.

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.