Amarc Resources (CVE:AHR) Trading Down 5.2% – Here’s What Happened

Amarc Resources Ltd. (CVE:AHR)’s stock price traded down 5.2% on Monday . The stock traded as low as C$1.15 and last traded at C$1.18. 196,581 shares were traded during mid-day trading, a decline of 34% from the average session volume of 298,573 shares. The stock had previously closed at C$1.24.

Amarc Resources Stock Up 3.1%

The stock has a market capitalization of C$265.89 million, a price-to-earnings ratio of -59.00 and a beta of 1.81. The company has a quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97. The business’s 50-day moving average is C$1.12 and its two-hundred day moving average is C$0.93.

Amarc Resources Company Profile

Amarc Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for copper, gold, silver, and molybdenum deposits. It holds 100% interest in the IKE project covering an area of 462 square kilometers located in the Gold Bridge, south-central British Columbia; the DUKE project covering an area of 678 square kilometers located northeast of Smithers, central British Columbia; and the JOY project covering an area of 492 square kilometers located in the Toodoggone region of north-central British Columbia.