Amarc Resources (CVE:AHR) Shares Down 3.2% - Here's What Happened

Key Points

• Amarc Resources shares fell by 3.2%, trading as low as C$1.17 before closing at C$1.21 on Friday.
• The company's debt-to-equity ratio stands at 81.97, indicating a high level of debt relative to equity.
• Amarc Resources is focused on the acquisition, exploration, and development of mineral properties in Canada, particularly for copper, gold, silver, and molybdenum.

Amarc Resources Ltd. (CVE:AHR - )'s stock price dropped 3.2% during trading on Friday . The company traded as low as C$1.17 and last traded at C$1.21. Approximately 275,626 shares traded hands during trading, a decline of 14% from the average daily volume of 319,268 shares. The stock had previously closed at C$1.25.

Amarc Resources Stock Down 3.2%

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 business has a 50 day simple moving average of C$0.96 and a 200 day simple moving average of C$0.73. The company has a market capitalization of C$272.65 million, a price-to-earnings ratio of -60.50 and a beta of 1.31.

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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