Amarc Resources (CVE:AHR) Trading 88.7% Higher – What’s Next?

Amarc Resources Ltd. (CVE:AHR) 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. 2,911,501 shares traded hands during mid-day trading, an increase of 756% from the average session volume of 340,108 shares. The stock had previously closed at C$0.27.

Amarc Resources Price Performance

The company’s 50-day simple moving average is C$0.20 and its 200 day simple moving average is C$0.17. The company has a market capitalization of C$127.02 million, a P/E ratio of -6.25 and a beta of 0.91. The company has a quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97.

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.