Commerce Resources (CVE:CCE) Reaches New 1-Year Low – Time to Sell?

Commerce Resources Corp. (CVE:CCEGet Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.07 and last traded at C$0.07, with a volume of 263432 shares changing hands. The stock had previously closed at C$0.08.

Commerce Resources Stock Down 6.7 %

The company’s 50 day moving average price is C$0.08 and its two-hundred day moving average price is C$0.11. The company has a current ratio of 2.52, a quick ratio of 1.71 and a debt-to-equity ratio of 0.19. The firm has a market cap of C$14.84 million, a PE ratio of -0.39 and a beta of 2.44.

Commerce Resources Company Profile

(Get Free Report)

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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