Amarc Resources Ltd. (CVE:AHR – Get Free Report) shot up 13% on Thursday. The company traded as high as C$1.05 and last traded at C$1.04. 218,671 shares traded hands during trading, an increase of 27% from the average session volume of 172,698 shares. The stock had previously closed at C$0.92.
Amarc Resources Stock Performance
The firm has a market capitalization of C$255.39 million, a price-to-earnings ratio of 104.00 and a beta of 2.34. The company has a fifty day moving average of C$0.98 and a two-hundred day moving average of C$1.03. The company has a debt-to-equity ratio of 81.97, a quick ratio of 2.44 and a current ratio of 1.32.
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.
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