Amarc Resources (CVE:AHR) Shares Down 2.7% - Here's Why

Amarc Resources Ltd. (CVE:AHR - Get Free Report) dropped 2.7% during mid-day trading on Thursday . The stock traded as low as C$0.72 and last traded at C$0.72. Approximately 151,610 shares changed hands during trading, a decline of 33% from the average daily volume of 225,401 shares. The stock had previously closed at C$0.74.

Amarc Resources Price Performance

The company has a market cap of C$152.42 million, a PE ratio of -6.25 and a beta of 0.91. The firm's 50-day moving average is C$0.67 and its 200-day moving average is C$0.57. The company has a quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97.

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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