Shares of Commerce Resources Corp. (CVE:CCE – Get Free Report) rose 30.4% during trading on Friday . The stock traded as high as C$0.17 and last traded at C$0.15. Approximately 1,061,259 shares were traded during mid-day 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 Price Performance
The firm’s fifty day moving average price is C$0.10 and its 200 day moving average price is C$0.08. The firm has a market capitalization of C$37.10 million, a PE ratio of -1.03 and a beta of 1.44. The company has a current ratio of 2.52, a quick ratio of 1.71 and a debt-to-equity ratio of 0.19.
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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