Commerce Resources Corp. (CVE:CCE – Get Free Report)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 traded.
Commerce Resources Price Performance
The stock has a 50-day simple moving average of C$0.16 and a 200 day simple moving average of C$0.16. The company has a market cap of C$33.92 million, a PE ratio of -16.00 and a beta of 1.60. The company has a quick ratio of 1.71, a current ratio of 2.52 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.
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