Amarc Resources (CVE:AHR) Shares Up 10.5% – What’s Next?

Amarc Resources Ltd. (CVE:AHR)’s share price was up 10.5% on Monday . The company traded as high as C$0.21 and last traded at C$0.21. 50,500 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 68,031 shares. The stock had previously closed at C$0.19.

Amarc Resources Stock Up 10.5 %

The firm’s 50-day simple moving average is C$0.19 and its 200-day simple moving average is C$0.16. The company has a debt-to-equity ratio of 81.97, a quick ratio of 2.44 and a current ratio of 1.32. The company has a market capitalization of C$44.46 million, a price-to-earnings ratio of -6.25 and a beta of 0.91.

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.