Commerce Resources (CVE:CCE) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Commerce Resources Corp. (CVE:CCE) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.16 and traded as low as C$0.13. Commerce Resources shares last traded at C$0.16, with a volume of 592,449 shares changing hands.

Commerce Resources Stock Up 14.3%

The company’s 50-day moving average is C$0.16 and its 200 day moving average is C$0.16. The stock has a market capitalization of C$33.92 million, a PE ratio of -16.00 and a beta of 1.60. The company has a current ratio of 2.52, a quick ratio of 1.71 and a debt-to-equity ratio of 0.19.

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.