Amarc Resources (CVE:AHR) Stock Price Down 4.8% – Here’s What Happened

Amarc Resources Ltd. (CVE:AHR)’s stock price traded down 4.8% during mid-day trading on Tuesday . The company traded as low as C$1.18 and last traded at C$1.20. 155,081 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 304,888 shares. The stock had previously closed at C$1.26.

Amarc Resources Stock Down 4.8%

The business has a 50-day simple moving average of C$1.34 and a 200-day simple moving average of C$1.14. 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 cap of C$270.39 million, a price-to-earnings ratio of -60.00 and a beta of 2.08.

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.