Amarc Resources (CVE:AHR) Stock Price Down 5.2% – What’s Next?

Amarc Resources Ltd. (CVE:AHR)’s share price was down 5.2% during trading on Monday . The stock traded as low as C$1.15 and last traded at C$1.18. Approximately 196,581 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 298,573 shares. The stock had previously closed at C$1.24.

Amarc Resources Stock Down 5.2%

The firm has a 50-day simple moving average of C$1.12 and a 200 day simple moving average of C$0.93. The stock has a market capitalization of C$264.76 million, a P/E ratio of -58.75 and a beta of 1.81. The company has a debt-to-equity ratio of 81.97, a current ratio of 1.32 and a quick ratio of 2.44.

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.