Commerce Resources Corp. (CVE:CCE – Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as C$0.07 and last traded at C$0.08, with a volume of 37000 shares trading hands. The stock had previously closed at C$0.08.
Commerce Resources Stock Performance
The stock has a 50 day simple moving average of C$0.11 and a 200-day simple moving average of C$0.12. The firm has a market cap of C$15.90 million, a P/E ratio of -0.42 and a beta of 2.44. The company has a current ratio of 2.52, a quick ratio of 1.71 and a debt-to-equity ratio of 0.19.
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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