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Canarc Resource Corp. are a gold focused junior, late stage development company with one mine in development in Canada and three exploration properties. They have approximately 1.1Moz. of gold in the reserves and resources category of which 0.5Moz. are in the measured and indicated category. They have a market capitalisation of ~$21.61M which is a rise of roughly 137% over the last seven months. As of 03/31/2016 they have no debt and ~$8M cash. They have 215M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter exchange.
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Profitability (by resource)
Future Valuation (Cash Flow & Totals)
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Trying to develop a 1 million oz high grade gold project in Alaska (New Polaris). $90 million capex.
Gold Price (last analysis) ($)
Silver Price (last analysis) ($)
Stock Price (last analysis) ($)
1 Yr Stock Price High ($)
Stock Price Change From 1 Yr High (%)
Stock Price USA 5-Year High ($) (including date)
.57 Cents - 4/11/2007
Stock Price USA 5-Year Low ($) (including date)
.02 Cents - 12/19/2008
They have good projects, but they have not been able to turn them into share holder value.
Canada (British Columbia, Yukon)
Local Issues (wag)
New Polaris has some infrastructure issues, but may not be a problem.
Country of Incorporation
4 Projects in Canada.
1 Project in Mexico
Shareholder Friendly (wag)
Could get highly diluted for a Project Generator (because of their low share price). Currently at 138 fully diluted shares.
Ore Grade (wag)
New Polaris is high grade with an average of 11 gpt
5/15/2014: Increased rating from 2 to 3 after they committed to developing the Polaris project and the stock crashed to $11 million market cap.
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