Amarc Resources (CVE:AHR) Stock Price Down 5.2% – Should You Sell?

by · The Cerbat Gem

Amarc Resources Ltd. (CVE:AHR – Get Free Report)’s share price was down 5.2% during trading on Monday . The company traded as low as C$1.15 and last traded at C$1.18. Approximately 196,581 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 298,573 shares. The stock had previously closed at C$1.24.

Amarc Resources Stock Performance

The stock has a 50 day moving average of C$1.12 and a 200 day moving average of C$0.93. The company has a market capitalization of C$264.76 million, a price-to-earnings ratio of -58.75 and a beta of 1.81. The company has a quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97.

Amarc Resources Company Profile

(Get Free Report)

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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