Amarc Resources (CVE:AHR) Stock Price Up 88.7% – Should You Buy?

Amarc Resources Ltd. (CVE:AHR) traded up 88.7% during trading on Friday . The stock traded as high as C$0.61 and last traded at C$0.50. 2,433,401 shares changed hands during mid-day trading, an increase of 717% from the average session volume of 297,825 shares. The stock had previously closed at C$0.27.

Amarc Resources Price Performance

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. The stock’s 50-day simple moving average is C$0.21 and its two-hundred day simple moving average is C$0.17.

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.