Amarc Resources (CVE:AHR) Trading 1.5% Higher – Still a Buy?

by · The Markets Daily

Amarc Resources Ltd. (CVE:AHR – Get Free Report)’s share price shot up 1.5% during trading on Monday . The company traded as high as C$0.99 and last traded at C$0.98. 54,081 shares were traded during mid-day trading, a decline of 72% from the average session volume of 192,629 shares. The stock had previously closed at C$0.97.

Amarc Resources Price Performance

The firm has a market cap of C$241.88 million, a PE ratio of 98.50 and a beta of 2.25. The company has a quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97. The stock has a 50 day moving average price of C$1.01 and a two-hundred day moving average price of C$0.99.

About Amarc Resources

(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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