Amarc Resources (CVE:AHR) Stock Price Down 9.5% – Should You Sell?

Amarc Resources Ltd. (CVE:AHR)’s share price fell 9.5% during mid-day trading on Friday . The stock traded as low as C$0.85 and last traded at C$0.86. 126,131 shares changed hands during trading, a decline of 58% from the average session volume of 297,142 shares. The stock had previously closed at C$0.95.

Amarc Resources Trading Down 12.6%

The company has a debt-to-equity ratio of 81.97, a quick ratio of 2.44 and a current ratio of 1.32. The firm has a market cap of C$187.02 million, a PE ratio of -83.00 and a beta of 1.86. The stock’s 50 day simple moving average is C$1.27 and its 200 day simple moving average is C$1.21.

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.