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

Commerce Resources Corp. (CVE:CCE) shot up 7.1% during mid-day trading on Friday . The stock traded as high as C$0.08 and last traded at C$0.08. 104,500 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 179,610 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 company’s fifty day moving average price is C$0.08 and its 200 day moving average price is C$0.09. The company has a market cap of C$15.90 million, a PE ratio of -0.42 and a beta of 2.44.

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.