Amarc Resources (CVE:AHR) Trading Up 94.3% – Here’s Why

Amarc Resources Ltd. (CVE:AHR) was up 94.3% during trading on Friday . The stock traded as high as C$0.61 and last traded at C$0.52. Approximately 1,685,576 shares traded hands during trading, an increase of 652% from the average daily volume of 224,193 shares. The stock had previously closed at C$0.27.

Amarc Resources Stock Up 171.7 %

The firm has a 50 day moving average of C$0.21 and a 200 day moving average of C$0.17. The firm has a market cap of C$152.42 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. The company has a quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97.

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.