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

Shares of Amarc Resources Ltd. (CVE:AHR) dropped 2.9% during mid-day trading on Tuesday. The company traded as low as C$0.97 and last traded at C$1.00. 126,793 shares were traded during mid-day 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 Trading Down 2.9%

The business’s 50 day simple moving average is C$1.02 and its 200-day simple moving average is C$0.99. 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 stock has a market capitalization of C$245.57 million, a P/E ratio of 100.00 and a beta of 2.38.

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.