Shares of Commerce Resources Corp. (CVE:CCE – Get Free Report) rose 28.6% during trading on Saturday . The company traded as high as C$0.10 and last traded at C$0.09. Approximately 1,291,709 shares traded hands 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 Stock Up 28.6 %
The stock has a 50 day moving average price of C$0.07 and a 200 day moving average price of C$0.10. The company has a quick ratio of 1.71, a current ratio of 2.52 and a debt-to-equity ratio of 0.19. 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.
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.
Featured Articles
- Five stocks we like better than Commerce Resources
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- IBM’s AI Bet Pays Off—What’s Next for Investors?
- What is a buyback in stocks? A comprehensive guide for investors
- 3 Reasons to Treat AMD’s Drop as an Entry Opportunity
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Qualcomm’s Post-Earnings Dip: A Prime Buying Opportunity?
Receive News & Ratings for Commerce Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commerce Resources and related companies with MarketBeat.com's FREE daily email newsletter.
