Commerce Resources Corp.

Commerce Resources Corp.verified

CMRZF

Price:

$0.08

Market Cap:

$21.32M

Commerce Resources Corp. acquires, explores, develops, and evaluates 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 British Columbia. Commerce Resources Corp. was incorporated in 1999 and is headquartered in Vancouver, Canada.[Read more]

Industry

Industrial Materials

IPO Date

2010-04-05

Stock Exchange

PNK

Ticker

CMRZF

The Current Ratio as of September 2024 (TTM) for Commerce Resources Corp. (CMRZF) is 6.73

According to Commerce Resources Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 6.73. This represents a change of -20.14% compared to the average of 8.43 of the last 4 quarters.

Commerce Resources Corp. (CMRZF) Historical Current Ratio (quarterly & annually)

How has CMRZF Current Ratio performed in the past?

The mean historical Current Ratio of Commerce Resources Corp. over the last ten years is 2.35. The current 6.73 Current Ratio has changed 28.50% with respect to the historical average. Over the past ten years (40 quarters), CMRZF's Current Ratio was at its highest in in the January 2024 quarter at 16.94. The Current Ratio was at its lowest in in the July 2019 quarter at 0.07.

Quarterly (TTM)
Annual

Average

2.35

Median

1.11

Minimum

0.13

Maximum

9.34

Commerce Resources Corp. (CMRZF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Commerce Resources Corp. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 680.15%

Maximum Annual Current Ratio = 9.34

Minimum Annual Increase = -96.70%

Minimum Annual Current Ratio = 0.13

Quarterly (TTM)
Annual
YearCurrent RatioChange
20239.34656.66%
20221.23-74.21%
20214.79276.35%
20201.2727.89%
20190.99680.15%
20180.13-45.85%
20170.244.87%
20160.2231.94%
20150.17-96.70%
20145.154.22%

Commerce Resources Corp. (CMRZF) Average Current Ratio

How has CMRZF Current Ratio performed in the past?

The current Current Ratio of Commerce Resources Corp. (CMRZF) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

5.12

5-year avg

3.53

10-year avg

2.35

Commerce Resources Corp. (CMRZF) Current Ratio vs. Peers

How is CMRZF’s Current Ratio compared to its peers?

Commerce Resources Corp.’s Current Ratio is greater than Great Western Minerals Group Ltd. (3.50), greater than StrikePoint Gold Inc. (4.15), greater than Silver Elephant Mining Corp. (0.24), less than Eskay Mining Corp. (10.00), less than Edison Lithium Corp. (6.78), greater than Baroyeca Gold & Silver Inc. (0.45), less than A-Cap Energy Limited (7.51), greater than Aurelia Metals Limited (2.02), less than China Rare Earth Holdings Limited (16.41), greater than Champion Bear Resources Ltd. (0.01), less than Centaurus Metals Limited (7.75), greater than Avarone Metals Inc. (0.01), greater than Adriatic Metals PLC (0.78),

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