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

Key Points

• Amarc Resources Ltd. (CVE:AHR) achieved a new 52-week high of C$1.07, closing at C$1.06 on Monday with a trading volume of 756,956 shares.
• The company's stock has risen 16.8%, supported by a 50-day simple moving average of C$0.75 and a current ratio of 1.32.
• Amarc Resources focuses on the exploration and development of mineral properties, particularly copper, gold, silver, and molybdenum, in British Columbia.

Amarc Resources Ltd. (CVE:AHR - )'s share price hit a new 52-week high on Monday . The stock traded as high as C$1.07 and last traded at C$1.06, with a volume of 756956 shares changing hands. The stock had previously closed at C$0.95.

Amarc Resources Stock Up 16.8%

The firm has a 50 day simple moving average of C$0.75 and a two-hundred day simple moving average of C$0.64. The company has a debt-to-equity ratio of 81.97, a quick ratio of 2.44 and a current ratio of 1.32. The stock has a market cap of C$250.11 million, a P/E ratio of -55.50 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.

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