Amarc Resources (CVE:AHR) Trading Up 11.1% - Here's Why

Amarc Resources Ltd. (CVE:AHR - Get Free Report) shares were up 11.1% on Monday . The company traded as high as C$0.92 and last traded at C$0.80. 1,868,017 shares changed hands during mid-day trading, an increase of 223% from the average daily volume of 578,808 shares. The stock had previously closed at C$0.72.

Amarc Resources Price Performance

The company has a 50-day moving average of C$0.21 and a 200-day moving average of C$0.18. The stock has a market capitalization of C$150.31 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. The company has a debt-to-equity ratio of 81.97, a quick ratio of 2.44 and a current ratio of 1.32.

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.