Commerce Resources (CCE) AI Stock Analysis

• Market Cap: C$13.78M
• Dividend Yield: N/A
• Average Volume (3M): 93.58K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.38
• Revenue Growth: N/A
• EPS Growth: -1014.38%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Industrial Materials
• EPS (TTM): -0.16
• Shares Outstanding: 212,021,560
• 10 Day Avg. Volume: 66,844
• 30 Day Avg. Volume: 93,580
• PEG Ratio: 0.08
• Price to Book (P/B): 0.28
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.28
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 42 Neutral
• Price Target: ―

Commerce Resources faces significant financial challenges, characterized by zero revenue and consistent losses, which heavily influence its overall score. While the company's strong equity position and positive corporate events offer long-term growth potential, the current valuation and technical indicators highlight substantial risks. Immediate financial performance remains a critical concern, overshadowing strategic initiatives aimed at future growth.

Commerce Resources Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Commerce Resources Corp. generates revenue primarily through the exploration and development of its mineral projects. The company seeks to enhance the value of its properties through activities such as drilling, geological surveys, and feasibility studies, which can attract investment or acquisition interest from larger mining companies. Revenue is also generated through partnerships or joint ventures with other mining entities, which can provide funding in exchange for a stake in project developments. Additionally, Commerce Resources may earn income by selling off stakes in its projects or through royalties from future production agreements.

Commerce Resources Financial Statement Overview

Summary

Commerce Resources is struggling financially, with no revenue generation and consistent losses impacting profitability and cash flow. The company's strong equity position provides some stability, but the lack of revenue growth and reliance on external financing are significant concerns moving forward.

Income Statement

The company has consistently reported zero revenue, resulting in negative gross profit, EBIT, and net income. The lack of revenue growth and high negative profit margins indicate significant challenges in generating sales and controlling costs.

Balance Sheet

The balance sheet shows a strong equity position with minimal debt, evidenced by a low debt-to-equity ratio and a high equity ratio. However, the consistent losses impact the return on equity, indicating potential inefficiencies in asset utilization.

Cash Flow

The cash flow statement reveals negative operating cash flow, indicating operational challenges. Although free cash flow is negative, the company finances these deficits through positive financing cash flow. However, reliance on external financing may not be sustainable long-term.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-16.34K	0.00	-32.69K	-19.07K	0.00	0.00
	EBIT
-1.78M	-1.71M	-1.60M	-680.54K	-1.42M	-823.41K
	EBITDA
-29.34M	-1.71M	-1.60M	-688.89K	-807.64K	-823.41K
	Net Income Common Stockholders
-29.41M	-28.70M	-1.70M	-723.56K	-451.11K	-827.41K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
766.31K	2.81M	3.98M	545.78K	3.31M	1.09M
	Total Assets
53.65M	54.74M	77.29M	73.19M	71.20M	63.83M
	Total Debt
82.88K	91.14K	121.81K	149.02K	0.00	0.00
	Net Debt
-423.40K	-2.40M	-3.83M	-364.77K	-3.26M	-1.05M
	Total Liabilities
1.53M	1.64M	571.03K	1.60M	982.53K	1.10M
	Stockholders Equity
52.12M	53.10M	76.72M	71.59M	70.22M	62.73M
Cash Flow		Free Cash Flow
-4.53M	-2.32M	-2.99M	-5.08M	-5.67M	-1.25M
	Operating Cash Flow
-2.82M	-2.32M	-509.69K	-774.14K	-2.36M	-828.10K
	Investing Cash Flow
-6.67M	-5.87M	-2.48M	-4.31M	-3.31M	-8.52K
	Financing Cash Flow
6.72M	6.72M	6.43M	2.34M	7.88M	1.65M

Commerce Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.07
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CCE, the sentiment is Negative. The current price of 0.07 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.07, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.25 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CCE.

Commerce Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	50 Neutral	$2.00B	-1.02	-21.34%	3.70%	2.00%	-30.65%
CCE	42 Neutral	C$13.78M	―	-45.75%	―	―	-1014.38%
LL	41 Neutral	C$6.35M	―	64.19%	―	―	―
LBNK	39 Underperform	C$12.13M	―	-41.75%	―	―	48.54%
VLI	29 Underperform	C$5.58M	―	-15.46%	―	―	-50.72%
MTS		C$12.80M	―	-546.89%	―	―	―
NMI		C$11.98M	―	-2.11%	―	―	―

Commerce Resources Corporate Events

Commerce Resources and Mont Royal Resources Announce Merger to Form Critical Minerals Developer

Commerce Resources Corp. has entered into a definitive arrangement agreement with Mont Royal Resources Limited to merge their businesses, creating a Canadian-focused critical minerals development company. This merger will combine Commerce’s Ashram and Eldor projects with Mont Royal’s Northern Lights Lithium Project, resulting in a dual listing on the TSX Venture Exchange and the Australian Securities Exchange. The transaction aims to enhance liquidity and funding opportunities, with Commerce shareholders owning a majority stake in the new entity. The merger is expected to advance key projects and attract a broader range of investors.

Spark’s Take on TSE:CCE Stock

According to Spark, TipRanks’ AI Analyst, TSE:CCE is a Neutral.

Commerce Resources Corp. faces significant financial challenges, marked by zero revenue and consistent losses, heavily impacting its overall score. Although its equity position and recent positive corporate events offer some stability and growth potential, the poor technical indicators and valuation highlight substantial risks. The strategic initiatives could foster long-term growth, but near-term financial performance remains a critical concern.

To see Spark’s full report on TSE:CCE stock, click here.

Commerce Resources Grants Stock Options Amid Strategic Expansion

Commerce Resources Corp. has announced the grant of 2,500,000 stock options to certain officers and consultants under its Equity Incentive Plan, which are exercisable at $0.12 per share until March 2028. This move is part of the company’s strategy to retain key personnel as it plans a dual listing on the Australian Securities Exchange and advances the Ashram Project, a significant rare earth and fluorspar deposit, to its next development stage.

Commerce Resources Announces Leadership Change Amid Strategic Developments

Commerce Resources Corp. has announced a change in its management, with Mr. Ross Carroll stepping down as President and CEO. Mr. Jeremy Robinson, a non-executive Director, will take over as interim President and CEO to oversee the company’s dual listing on the Australian Securities Exchange and the next phase of the Ashram Rare Earths Project development. This transition marks a significant period for the company as it advances its strategic goals and positions itself in the global market.

Commerce Resources Secures $2.6M for Ashram Deposit Access Road

Commerce Resources Corp. has received conditional approval for $2.6 million CAD from Canada’s Critical Minerals Infrastructure Fund to develop an access road to its Ashram REE/Fluorspar Deposit in Quebec. This funding is crucial for advancing various studies and enhancing access to the Nunavik region, supporting multiple projects and indigenous groups, and aligning with Canada’s strategy to expand sustainable critical minerals production, thereby strengthening supply chains and fostering economic growth.