Amarc Resources (CVE:AHR) Shares Down 13.6% – What’s Next?

Amarc Resources Ltd. (CVE:AHR) fell 13.6% during mid-day trading on Wednesday . The stock traded as low as C$0.89 and last traded at C$0.89. 87,580 shares were traded during trading, a decline of 62% from the average session volume of 233,337 shares. The stock had previously closed at C$1.03.

Amarc Resources Price Performance

The firm’s 50-day moving average is C$0.98 and its 200-day moving average is C$1.15. The company has a debt-to-equity ratio of 81.97, a current ratio of 1.32 and a quick ratio of 2.44. The company has a market capitalization of C$205.05 million, a P/E ratio of -91.00 and a beta of 2.11.

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.