Commerce Resources Corp. (CVE:CCE – Get Free Report) shares were up 14.3% during trading on Friday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 405,609 shares changed hands during mid-day trading, an increase of 257% from the average daily volume of 113,689 shares. The stock had previously closed at C$0.07.
Commerce Resources Stock Up 28.6 %
The firm has a 50-day moving average price of C$0.07 and a two-hundred day moving average price of C$0.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.71 and a current ratio of 2.52. The firm has a market cap of C$19.08 million, a price-to-earnings ratio of -0.50 and a beta of 2.44.
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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