Amarc Resources (CVE:AHR) Shares Up 22.2% – Still a Buy?

Amarc Resources Ltd. (CVE:AHR)’s stock price shot up 22.2% on Monday . The company traded as high as C$0.92 and last traded at C$0.88. 2,497,901 shares were traded during mid-day trading, an increase of 287% from the average session volume of 645,049 shares. The stock had previously closed at C$0.72.

Amarc Resources Stock Performance

The firm has a fifty day moving average of C$0.21 and a 200-day moving average of C$0.18. 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 firm has a market cap of C$177.83 million, a P/E ratio of -6.25 and a beta of 0.91.

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.