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

Amarc Resources Ltd. (CVE:AHR) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$1.49 and last traded at C$1.42, with a volume of 103325 shares. The stock had previously closed at C$1.45.

Amarc Resources Stock Performance

The firm’s 50-day moving average price is C$1.21 and its two-hundred day moving average price is C$1.02. The firm has a market capitalization of C$319.96 million, a PE ratio of -71.00 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.

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.