Amarc Resources (CVE:AHR) Trading Up 2.8% – What’s Next?

Amarc Resources Ltd. (CVE:AHR)’s share price rose 2.8% during mid-day trading on Monday . The stock traded as high as C$1.14 and last traded at C$1.10. Approximately 521,575 shares changed hands during mid-day trading, an increase of 72% from the average daily volume of 303,083 shares. The stock had previously closed at C$1.07.

Amarc Resources Price Performance

The stock’s 50-day moving average is C$1.15 and its 200 day moving average is C$0.87. The company has a debt-to-equity ratio of 81.97, a quick ratio of 2.44 and a current ratio of 1.32. The stock has a market capitalization of C$243.35 million, a PE ratio of -54.00 and a beta of 1.62.

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.