Shares of Amarc Resources Ltd. (CVE:AHR - Get Free Report) dropped 8.5% during trading on Tuesday . The stock traded as low as C$0.64 and last traded at C$0.65. Approximately 596,571 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 716,841 shares. The stock had previously closed at C$0.71.
Amarc Resources Stock Down 12.7 %
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 company's 50 day moving average price is C$0.23 and its two-hundred day moving average price is C$0.18. The stock has a market cap of C$131.25 million, a P/E ratio of -6.25 and a beta of 0.91.
About Amarc Resources
(
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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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