Shares of Commerce Resources Corp. (CVE:CCE – Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as C$0.07 and last traded at C$0.07, with a volume of 204850 shares trading hands. The stock had previously closed at C$0.08.
Commerce Resources Price Performance
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 stock’s 50 day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.10. The firm has a market capitalization of C$14.84 million, a PE ratio of -0.39 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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