Commerce Resources (CVE:CCE) Stock Price Up 7.1% – Still a Buy?

Commerce Resources Corp. (CVE:CCE)’s stock price rose 7.1% during mid-day trading on Friday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 104,500 shares traded hands during trading, a decline of 42% from the average daily volume of 179,610 shares. The stock had previously closed at C$0.07.

Commerce Resources Stock Performance

The company has a market capitalization of C$14.84 million, a price-to-earnings ratio of -0.39 and a beta of 2.44. 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 business’s 50-day moving average price is C$0.08 and its two-hundred day moving average price is C$0.09.

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.