Amarc Resources (CVE:AHR) Shares Up 92.5% – Here’s What Happened

Amarc Resources Ltd. (CVE:AHR)’s share price rose 92.5% during trading on Friday . The company traded as high as C$0.61 and last traded at C$0.51. Approximately 2,174,976 shares traded hands during mid-day trading, an increase of 735% from the average daily volume of 260,373 shares. The stock had previously closed at C$0.27.

Amarc Resources Trading Up 107.5 %

The company has a current ratio of 1.32, a quick ratio of 2.44 and a debt-to-equity ratio of 81.97. The company has a 50-day moving average price of C$0.20 and a two-hundred day moving average price of C$0.17. The stock has a market cap of C$116.44 million, a P/E 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.