Amarc Resources (CVE:AHR) Shares Pass Below Fifty Day Moving Average – What’s Next?

Shares of Amarc Resources Ltd. (CVE:AHR) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.99 and traded as low as C$0.96. Amarc Resources shares last traded at C$0.96, with a volume of 19,006 shares changing hands.

Amarc Resources Price Performance

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 firm has a market capitalization of C$216.31 million, a price-to-earnings ratio of -96.00 and a beta of 2.11. The company’s 50 day moving average is C$0.99 and its 200-day moving average is C$1.14.

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.