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

Amarc Resources Ltd. (CVE:AHR) shares traded up 88.7% during trading on Friday . The stock traded as high as C$0.61 and last traded at C$0.50. 2,911,501 shares changed hands during trading, an increase of 756% from the average session volume of 340,108 shares. The stock had previously closed at C$0.27.

Amarc Resources Price Performance

The firm has a market cap of C$152.42 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. The company’s fifty day moving average is C$0.21 and its 200 day moving average is C$0.17. 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.