Shares of Commerce Resources Corp. (CVE:CCE – Get Free Report) were up 28.6% on Saturday . The stock traded as high as C$0.10 and last traded at C$0.09. Approximately 1,291,709 shares were traded during trading, an increase of 749% from the average daily volume of 152,215 shares. The stock had previously closed at C$0.07.
Commerce Resources Trading Up 28.6 %
The business has a 50 day simple moving average of C$0.08 and a 200-day simple moving average of C$0.10. The stock has a market capitalization of C$19.08 million, a price-to-earnings ratio of -0.50 and a beta of 2.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.52 and a quick ratio of 1.71.
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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