Commerce Resources Corp. (CVE:CCE – Get Free Report) shares rose 15.4% on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 385,500 shares traded hands during trading, an increase of 116% from the average daily volume of 178,208 shares. The stock had previously closed at C$0.07.
Commerce Resources Trading Up 7.1%
The firm has a 50 day moving average price of C$0.07 and a two-hundred day moving average price of C$0.07. The firm has a market capitalization of C$15.90 million, a P/E ratio of -0.42 and a beta of 2.44. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.71 and a current ratio of 2.52.
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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