Amarc Resources (CVE:AHR) Trading 3.3% Higher - Should You Buy?

Key Points

• Amarc Resources Ltd. shares increased by 3.3% during mid-day trading on Friday, closing at C$1.25 with a trading volume of approximately 465,634 shares, a notable increase from the average.
• The company's market capitalization stands at C$281.66 million and it has a debt-to-equity ratio of 81.97, indicating a significant reliance on debt financing.
• Amarc Resources is focused on the acquisition, exploration, and development of mineral properties in Canada, primarily targeting deposits of copper, gold, silver, and molybdenum.

Shares of Amarc Resources Ltd. (CVE:AHR - Get Free Report) rose 3.3% during mid-day trading on Friday . The stock traded as high as C$1.25 and last traded at C$1.25. Approximately 465,634 shares changed hands during mid-day trading, an increase of 106% from the average daily volume of 226,289 shares. The stock had previously closed at C$1.21.

Amarc Resources Stock Down 4.0%

The company has a market cap of C$270.39 million, a price-to-earnings ratio of -60.00 and a beta of 0.56. 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's fifty day moving average price is C$0.79 and its 200-day moving average price is C$0.66.

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.