Amarc Resources (CVE:AHR) Hits New 52-Week High – Here’s Why

Amarc Resources Ltd. (CVE:AHRGet Free Report)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$0.21 and last traded at C$0.20, with a volume of 25134 shares changing hands. The stock had previously closed at C$0.20.

Amarc Resources Stock Performance

The stock has a market cap of C$41.28 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 current ratio of 1.32 and a quick ratio of 2.44. The company’s fifty day simple moving average is C$0.18 and its two-hundred day simple moving average is C$0.16.

Amarc Resources Company Profile

(Get Free Report)

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.

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