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

Amarc Resources Ltd. (CVE:AHR) shares hit a new 52-week high during trading on Friday . The company traded as high as C$0.19 and last traded at C$0.19, with a volume of 500 shares trading hands. The stock had previously closed at C$0.18.

Amarc Resources Stock Up 2.8 %

The stock has a market capitalization of C$39.16 million, a P/E ratio of -6.25 and a beta of 0.91. The company has a debt-to-equity ratio of 81.97, a current ratio of 1.32 and a quick ratio of 2.44. The firm has a 50 day moving average of C$0.16 and a 200-day moving average of C$0.15.

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.