Amarc Resources (CVE:AHR) Trading 10.5% Higher – Should You Buy?

Shares of Amarc Resources Ltd. (CVE:AHR) traded up 10.5% during mid-day trading on Monday . The stock traded as high as C$0.21 and last traded at C$0.21. 50,500 shares changed hands during trading, a decline of 26% from the average session volume of 68,031 shares. The stock had previously closed at C$0.19.

Amarc Resources Stock Performance

The company has a debt-to-equity ratio of 81.97, a quick ratio of 2.44 and a current ratio of 1.32. The stock has a market capitalization of C$41.28 million, a P/E ratio of -6.25 and a beta of 0.91. The business has a 50-day moving average price of C$0.19 and a 200 day moving average price of C$0.16.

Amarc Resources Company Profile

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.