Commerce Resources (CVE:CCE) Sets New 1-Year Low at $0.10

Shares of Commerce Resources Corp. (CVE:CCE) hit a new 52-week low during trading on Friday . The stock traded as low as C$0.10 and last traded at C$0.10, with a volume of 20550 shares. The stock had previously closed at C$0.11.

Commerce Resources Stock Performance

The stock’s 50 day simple moving average is C$0.12 and its two-hundred day simple moving average is C$0.13. The company has a debt-to-equity ratio of 0.14, a current ratio of 6.73 and a quick ratio of 1.71. The stock has a market cap of C$21.20 million, a P/E ratio of -10.00 and a beta of 2.43.

Insider Buying and Selling

In other Commerce Resources news, Senior Officer Ross Carroll purchased 700,000 shares of the stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of C$0.13 per share, for a total transaction of C$87,500.00. Company insiders own 9.42% of the company’s stock.

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.