Amarc Resources (CVE:AHR) Trading Down 2.6% – Here’s Why

Amarc Resources Ltd. (CVE:AHRGet Free Report)’s share price was down 2.6% during mid-day trading on Friday . The stock traded as low as C$1.10 and last traded at C$1.11. Approximately 87,090 shares traded hands during trading, a decline of 72% from the average daily volume of 314,962 shares. The stock had previously closed at C$1.14.

Amarc Resources Trading Down 2.6%

The firm has a market capitalization of C$250.11 million, a PE ratio of -55.50 and a beta of 1.31. 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 fifty day moving average price is C$1.07 and its 200 day moving average price is C$0.80.

Amarc Resources Company Profile

(Get Free Report)

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.

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