Amarc Resources (CVE:AHR) Shares Climb 1.1% – Time to Buy?

Amarc Resources Ltd. (CVE:AHR) shares traded up 1.1% during trading on Thursday. The stock traded as high as C$0.94 and last traded at C$0.94. Approximately 23,400 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 174,364 shares. The stock had previously closed at C$0.93.

Amarc Resources Trading Down 6.4%

The firm has a market capitalization of C$216.10 million, a price-to-earnings ratio of 88.00 and a beta of 2.34. 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 company has a 50 day moving average price of C$0.99 and a two-hundred day moving average price of C$1.04.

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.