Amarc Resources (CVE:AHR) Stock Price Down 2.9% – Should You Sell?

Amarc Resources Ltd. (CVE:AHR) traded down 2.9% on Tuesday. The company traded as low as C$0.97 and last traded at C$1.00. Approximately 126,793 shares were traded during trading, a decline of 31% from the average daily volume of 184,786 shares. The stock had previously closed at C$1.03.

Amarc Resources Stock Down 2.9%

The company has a market cap of C$245.57 million, a price-to-earnings ratio of 100.00 and a beta of 2.38. 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$1.02 and its 200-day moving average price is C$0.99.

Amarc Resources Company Profile

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.