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

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

Amarc Resources Stock Down 7.1 %

The company has a market capitalization of C$41.28 million, a P/E ratio of -6.25 and a beta of 0.91. The company has a 50-day moving average of C$0.19 and a two-hundred day moving average of C$0.16. The company has a quick ratio of 2.44, a current ratio of 1.32 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.