Amarc Resources (CVE:AHR) Trading 5.5% Higher – Should You Buy?

Shares of Amarc Resources Ltd. (CVE:AHR) rose 5.5% during mid-day trading on Wednesday . The stock traded as high as C$0.97 and last traded at C$0.96. Approximately 161,101 shares changed hands during trading, a decline of 28% from the average daily volume of 224,328 shares. The stock had previously closed at C$0.91.

Amarc Resources Price Performance

The company has a debt-to-equity ratio of 81.97, a current ratio of 1.32 and a quick ratio of 2.44. The stock has a market capitalization of C$216.31 million, a P/E ratio of -96.00 and a beta of 2.26. The company’s 50 day simple moving average is C$0.99 and its two-hundred day simple moving average is C$1.12.

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.