Amarc Resources (CVE:AHR) Trading 88.7% Higher – Here’s Why

Amarc Resources Ltd. (CVE:AHR)’s stock price shot up 88.7% during mid-day trading on Friday . The stock traded as high as C$0.61 and last traded at C$0.50. 2,911,501 shares changed hands during trading, an increase of 756% from the average session volume of 340,108 shares. The stock had previously closed at C$0.27.

Amarc Resources Stock Up 126.4 %

The firm has a 50-day moving average of C$0.20 and a two-hundred day moving average of C$0.17. The stock has a market capitalization of C$127.02 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.