Amarc Resources (CVE:AHR) Reaches New 52-Week High – Still a Buy?

Amarc Resources Ltd. (CVE:AHR)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$0.22 and last traded at C$0.21, with a volume of 164827 shares changing hands. The stock had previously closed at C$0.19.

Amarc Resources Stock Performance

The firm has a market capitalization of C$44.46 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. 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 stock’s 50-day moving average is C$0.19 and its 200-day moving average is C$0.16.

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.