Commerce Resources Corp. (CVE:CCE – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.09 and last traded at C$0.10, with a volume of 92500 shares changing hands. The stock had previously closed at C$0.11.
Commerce Resources Stock Down 9.5 %
The business has a 50-day simple moving average of C$0.12 and a two-hundred day simple moving average of C$0.12. 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 company has a market capitalization of C$20.14 million, a price-to-earnings ratio of -0.58 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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