Commerce Resources (CVE:CCE) Hits New 1-Year Low – Here’s What Happened

Commerce Resources Corp. (CVE:CCE) shares reached a new 52-week low on Monday . The company traded as low as C$0.07 and last traded at C$0.07, with a volume of 221900 shares trading hands. The stock had previously closed at C$0.08.

Commerce Resources Stock Down 6.7 %

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$14.84 million, a P/E ratio of -0.39 and a beta of 2.44. The stock’s 50-day moving average price is C$0.08 and its two-hundred day moving average price is C$0.09.

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.