Amarc Resources (CVE:AHR) Shares Up 1.8% - Here's What Happened

Key Points

• Shares rose 1.8% on Tuesday, trading as high as C$1.15 and last at C$1.14 on volume of about 268,063 shares, roughly 11% below its average daily volume.
• The company has a market capitalization of C$256.87 million, a negative P/E of -114, a beta of 1.86, a current ratio of 1.32 and quick ratio of 2.44, with a debt-to-equity ratio of 81.97.
• Amarc Resources is a Canadian mineral explorer targeting copper, gold, silver and molybdenum and holds 100% interests in the IKE, DUKE and JOY projects across British Columbia.

Shares of Amarc Resources Ltd. (CVE:AHR - ) were up 1.8% on Tuesday . The company traded as high as C$1.15 and last traded at C$1.14. Approximately 268,063 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 302,640 shares. The stock had previously closed at C$1.12.

Amarc Resources Stock Performance

The company has a market capitalization of C$256.87 million, a price-to-earnings ratio of -114.00 and a beta of 1.86. The company has a current ratio of 1.32, a quick ratio of 2.44 and a debt-to-equity ratio of 81.97. The stock's fifty day simple moving average is C$1.34 and its 200-day simple moving average is C$1.19.

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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