Canarc Resource (TSE:CCM) Stock Price Up 16.7%

Canarc Resource Corp. (TSE:CCM)’s stock price rose 16.7% during trading on Wednesday . The company traded as high as C$0.07 and last traded at C$0.07, approximately 22,000 shares changed hands during mid-day trading. A decline of 75% from the average daily volume of 88,356 shares. The stock had previously closed at C$0.06.

The firm has a market capitalization of $13.10 million and a price-to-earnings ratio of -7.00. The company has a current ratio of 13.17, a quick ratio of 13.17 and a debt-to-equity ratio of 0.51. The company’s 50-day simple moving average is C$0.06.

About Canarc Resource (TSE:CCM)

Canarc Resource Corp. engages in the acquisition, exploration, and development of precious metal properties in the United States and Canada. The company explores for gold and silver deposits. It primarily owns a 100% interest in the New Polaris gold mine project located in north-western British Columbia.

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