Canarc Resource (TSE:CCM) Stock Price Down 12.5%

Canarc Resource Corp. (TSE:CCM)’s share price dropped 12.5% during trading on Tuesday . The company traded as low as C$0.07 and last traded at C$0.07, approximately 459,000 shares changed hands during trading. An increase of 362% from the average daily volume of 99,357 shares. The stock had previously closed at C$0.08.

The business has a 50 day simple moving average of C$0.06. The company has a debt-to-equity ratio of 0.51, a quick ratio of 13.17 and a current ratio of 13.17. The company has a market cap of $19.37 million and a PE ratio of -7.00.

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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