Amarc Resources (CVE:AHR) Trading 92.5% Higher – Time to Buy?

Amarc Resources Ltd. (CVE:AHRGet Free Report) shares rose 92.5% on Friday . The stock traded as high as C$0.61 and last traded at C$0.51. Approximately 3,495,876 shares were traded during trading, an increase of 822% from the average daily volume of 379,044 shares. The stock had previously closed at C$0.27.

Amarc Resources Stock Up 171.7 %

The stock’s fifty day moving average price is C$0.21 and its 200-day moving average price is C$0.17. 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 company has a market capitalization of C$152.42 million, a price-to-earnings ratio of -6.25 and a beta of 0.91.

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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