Canarc Resource (TSE:CCM) Stock Price Up 10%
Canarc Resource Corp. (TSE:CCM) was up 10% during mid-day trading on Monday . The company traded as high as C$0.17 and last traded at C$0.17. Approximately 711,863 shares changed hands during mid-day trading, an increase of 161% from the average daily volume of 273,006 shares. The stock had previously closed at C$0.15.
The company has a debt-to-equity ratio of 0.36, a quick ratio of 12.73 and a current ratio of 12.73. The company’s 50-day moving average price is C$0.12 and its 200 day moving average price is C$0.08. The stock has a market capitalization of $40.25 million and a P/E ratio of -41.25.
In other Canarc Resource news, Director Bradford Cooke sold 300,000 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of C$0.14, for a total transaction of C$42,000.00. Following the sale, the director now directly owns 8,710,580 shares of the company’s stock, valued at C$1,219,481.20. Insiders sold a total of 1,403,443 shares of company stock valued at $171,663 in the last quarter.
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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