Amarc Resources Ltd. (CVE:AHR – Get Free Report) shares dropped 13.6% on Wednesday . The stock traded as low as C$0.89 and last traded at C$0.89. Approximately 87,580 shares traded hands during trading, a decline of 62% from the average daily volume of 233,337 shares. The stock had previously closed at C$1.03.
Amarc Resources Price Performance
The company has a quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97. The firm’s fifty day moving average price is C$0.98 and its two-hundred day moving average price is C$1.15. The stock has a market capitalization of C$205.05 million, a PE 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.
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