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Amarc Resources (CVE:AHR) Trading 22.2% Higher - Time to Buy?

Amarc Resources logo with Basic Materials background

Amarc Resources Ltd. (CVE:AHR - Get Free Report)'s stock price was up 22.2% on Monday . The company traded as high as C$0.92 and last traded at C$0.88. Approximately 2,497,901 shares were traded during trading, an increase of 287% from the average daily volume of 645,049 shares. The stock had previously closed at C$0.72.

Amarc Resources Stock Down 1.4 %

The company has a current ratio of 1.32, a quick ratio of 2.44 and a debt-to-equity ratio of 81.97. The company has a market capitalization of C$150.31 million, a P/E ratio of -6.25 and a beta of 0.91. The firm's 50 day moving average price is C$0.22 and its two-hundred day moving average price is C$0.18.

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.

Further Reading

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