Commerce Resources (CVE:CCE) Hits New 1-Year Low – Here’s What Happened

Commerce Resources Corp. (CVE:CCE) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.11, with a volume of 5000 shares changing hands. The stock had previously closed at C$0.11.

Commerce Resources Trading Down 4.5 %

The company has a current ratio of 6.73, a quick ratio of 1.71 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of C$22.26 million, a price-to-earnings ratio of -10.00 and a beta of 2.43. The firm has a 50-day moving average of C$0.11 and a 200 day moving average of C$0.13.

Insider Activity at Commerce Resources

In other news, Senior Officer Ross Carroll purchased 700,000 shares of the stock in a transaction dated Monday, August 12th. The shares were bought at an average cost of C$0.13 per share, for a total transaction of C$87,500.00. 9.42% of the stock is owned by insiders.

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.