Amarc Resources (CVE:AHR) Trading Up 88.7% - Here's Why

Shares of Amarc Resources Ltd. (CVE:AHR - Get Free Report) shot up 88.7% during mid-day trading on Friday . The company traded as high as C$0.61 and last traded at C$0.50. 2,433,401 shares traded hands during trading, an increase of 717% from the average session volume of 297,825 shares. The stock had previously closed at C$0.27.

Amarc Resources Price Performance

The stock has a market capitalization of C$120.67 million, a P/E ratio of -6.25 and a beta of 0.91. The business has a fifty day simple moving average of C$0.20 and a 200 day simple moving average of C$0.17. The company has a current ratio of 1.32, a quick ratio of 2.44 and a debt-to-equity ratio of 81.97.

About Amarc Resources

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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