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

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 - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as C$1.07 and last traded at C$1.06, with a volume of 756956 shares traded. The stock had previously closed at C$0.95.

Amarc Resources Stock Performance

The firm has a market capitalization of C$281.66 million, a price-to-earnings ratio of -62.50 and a beta of 0.56. The company has a quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97. The stock has a 50-day moving average price of C$0.79 and a 200 day moving average price of C$0.65.

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.