Commerce Resources (CVE:CCE) Trading Up 28.6% – Should You Buy?

Commerce Resources Corp. (CVE:CCE) shares rose 28.6% during mid-day trading on Friday . The stock 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 Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 2.52 and a quick ratio of 1.71. The stock has a market cap of C$19.08 million, a PE ratio of -0.50 and a beta of 2.44. The business has a 50 day moving average price of C$0.07 and a two-hundred day moving average price of C$0.10.

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.