Amarc Resources (CVE:AHR) Trading Down 4.2% - Should You Sell?

Key Points

• Amarc Resources Ltd. (CVE:AHR) saw a 4.2% drop in stock price, closing at C$0.69 during trading on Friday.
• The company has a debt-to-equity ratio of 81.97 and a market capitalization of C$146.07 million.
• Amarc Resources focuses on the acquisition and exploration of mineral properties in Canada, including significant deposits of copper, gold, silver, and molybdenum.

Amarc Resources Ltd. (CVE:AHR - Get Free Report)'s share price traded down 4.2% on Friday . The company traded as low as C$0.69 and last traded at C$0.69. 84,227 shares changed hands during trading, a decline of 60% from the average session volume of 212,838 shares. The stock had previously closed at C$0.72.

Amarc Resources Stock Performance

The stock has a market cap of C$141.84 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. 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's 50-day simple moving average is C$0.71 and its two-hundred day simple moving average is C$0.62.

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.