Amarc Resources (CVE:AHR) Sets New 52-Week High – Time to Buy?

Amarc Resources Ltd. (CVE:AHRGet Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$1.42 and last traded at C$1.40, with a volume of 247848 shares trading hands. The stock had previously closed at C$1.35.

Amarc Resources Trading Up 2.2%

The company has a market cap of C$310.95 million, a price-to-earnings ratio of -69.00 and a beta of 2.00. 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’s 50-day moving average is C$1.17 and its 200 day moving average is C$0.99.

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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