Amarc Resources (CVE:AHR) Trading Down 3.1% – Should You Sell?

Amarc Resources Ltd. (CVE:AHR)’s stock price fell 3.1% during mid-day trading on Friday . The company traded as low as C$0.91 and last traded at C$0.94. 29,155 shares traded hands during trading, a decline of 86% from the average session volume of 210,950 shares. The stock had previously closed at C$0.97.

Amarc Resources Stock Performance

The stock has a 50-day moving average of C$0.97 and a 200-day moving average of C$1.07. The firm has a market cap of C$211.85 million, a price-to-earnings ratio of -99.00 and a beta of 2.26. The company has a debt-to-equity ratio of 81.97, a quick ratio of 2.44 and a current ratio of 1.32.

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.