Amarc Resources (CVE:AHR) Stock Passes Below 50-Day Moving Average – What’s Next?

Amarc Resources Ltd. (CVE:AHRGet Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.96 and traded as low as C$0.95. Amarc Resources shares last traded at C$0.97, with a volume of 160,610 shares.

Amarc Resources Trading Down 4.0%

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 stock has a market cap of C$218.62 million, a price-to-earnings ratio of -99.00 and a beta of 2.30. The company’s fifty day moving average price is C$0.96 and its 200-day moving average price is C$1.06.

About Amarc Resources

(Get Free Report)

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.

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