Amarc Resources (CVE:AHR) Trading 92.5% Higher – What’s Next?

Shares of Amarc Resources Ltd. (CVE:AHR) shot up 92.5% on Friday . The company traded as high as C$0.61 and last traded at C$0.51. 3,495,876 shares changed hands during mid-day trading, an increase of 822% from the average session volume of 379,044 shares. The stock had previously closed at C$0.27.

Amarc Resources Price Performance

The stock has a market cap of C$152.42 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. The company has a 50-day simple moving average of C$0.21 and a two-hundred day simple moving average of C$0.17.

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.