09:07 AM EST, 11/26/2020 (MT Newswires) -- Athabasca Minerals (AMI.V), slashed 6.7% yesterday, after it said overnight Wednesday that for Q3 2020, basic and diluted loss was $0.02 compared with basic loss and diluted earnings of $0.17 and $0.16, respectively, in the prior year period.

In the reported quarter, the company said AMI RockChain had increased sales volumes relative to Q2 2020, but COVID-19 related economic downturn continued to hurt volumes, according to a statement.

CEO Robert Beekhuizen said: "Despite the challenges of COVID-19, AMI and our group of companies continues to focus on our objectives and making the right long-term decisions to advance our projects and strategic initiatives."

Futher, AMI said that its Board of Directors have approved the grant of 0.7 million stock options and 36,000 deferred share units to officers, directors, and select management of the corporation.

Price: 0.1400, Change: -0.0100, Percent Change: -6.67