Commerce Resources (CVE:CCE) Stock Price Passes Below Fifty Day Moving Average – Should You Sell?

Commerce Resources Corp. (CVE:CCE) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.16 and traded as low as C$0.13. Commerce Resources shares last traded at C$0.16, with a volume of 592,449 shares trading hands.

Commerce Resources Price Performance

The company has a quick ratio of 1.71, a current ratio of 2.52 and a debt-to-equity ratio of 0.19. The company has a market capitalization of C$33.92 million, a P/E ratio of -16.00 and a beta of 1.60. The company’s 50-day simple moving average is C$0.16 and its 200 day simple moving average is C$0.16.

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.