Amarc Resources (CVE:AHR) Reaches New 1-Year High - Here's What Happened

Key Points

• Amarc Resources Ltd. reached a new 52-week high of C$1.30, with a last trading price of C$1.22 on a volume of approximately 498,589 shares.
• The company's current ratio is 1.32 and it has a significant debt-to-equity ratio of 81.97, indicating a higher level of debt compared to its equity.
• Amarc specializes in the acquisition, exploration, and development of mineral properties in Canada, focusing on copper, gold, silver, and molybdenum deposits.

Amarc Resources Ltd. (CVE:AHR - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$1.30 and last traded at C$1.22, with a volume of 498589 shares trading hands. The stock had previously closed at C$1.25.

Amarc Resources Trading Up 3.3%

The firm has a 50 day simple moving average of C$0.80 and a 200 day simple moving average of C$0.66. The company has a current ratio of 1.32, a quick ratio of 2.44 and a debt-to-equity ratio of 81.97. The firm has a market capitalization of C$279.41 million, a PE ratio of -62.00 and a beta of 0.56.

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.