Commerce Resources Corp. (CVE:CCE – Get Free Report) shot up 21.4% on Friday . The company traded as high as C$0.09 and last traded at C$0.09. 1,158,609 shares changed hands during trading, an increase of 701% from the average session volume of 144,602 shares. The stock had previously closed at C$0.07.
Commerce Resources Stock Performance
The firm’s fifty day moving average is C$0.07 and its 200-day moving average is C$0.10. The company has a current ratio of 2.52, a quick ratio of 1.71 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of C$19.08 million, a PE ratio of -0.50 and a beta of 2.44.
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.
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