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

Commerce Resources Corp. (CVE:CCE)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.11, with a volume of 5000 shares. The stock had previously closed at C$0.11.

Commerce Resources Trading Down 4.5 %

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.71 and a current ratio of 6.73. The business has a fifty day simple moving average of C$0.11 and a 200 day simple moving average of C$0.13. The company has a market cap of C$22.26 million, a P/E ratio of -10.00 and a beta of 2.43.

Insider Buying and Selling

In related news, Senior Officer Ross Carroll purchased 700,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of C$0.13 per share, with a total value 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.