Amarc Resources (CVE:AHR) Stock Price Down 1.4% - Time to Sell?

Shares of Amarc Resources Ltd. (CVE:AHR - Get Free Report) were down 1.4% during trading on Wednesday . The stock traded as low as C$0.68 and last traded at C$0.68. Approximately 116,738 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 244,518 shares. The stock had previously closed at C$0.69.

Amarc Resources Trading Down 1.4%

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 capitalization of C$143.96 million, a P/E ratio of -6.25 and a beta of 0.91. The firm's fifty day simple moving average is C$0.60 and its 200 day simple moving average is C$0.51.

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.

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