Amarc Resources Ltd. Senior Officer Acquires Shares

On Monday, February 24th, Trevor Thomas, a senior officer at Amarc Resources Ltd. (CVE:AHR - Get Free Report), made a significant investment by purchasing 70,000 shares of the company's stock. The shares were bought at an average price of C$0.71 each, resulting in a total expenditure of C$49,700.00.

Current Stock Performance of Amarc Resources

As of Tuesday, shares of Amarc Resources remained unchanged, trading at C$0.67. The trading volume reached 15,642 shares, which is considerably lower than the average volume of 549,023 shares. Over the past year, Amarc Resources has seen its stock price fluctuate, with a 12-month low of C$0.10 and a high of C$0.92. The company’s 50-day moving average stands at C$0.46, while the 200-day moving average is C$0.27. Amarc Resources Ltd. currently holds a market capitalization of C$141.84 million, has a PE ratio of -6.25, and a beta of 0.91. Furthermore, the company boasts a quick ratio of 2.44, a current ratio of 1.32, and a notably high debt-to-equity ratio of 81.97.

About Amarc Resources Ltd.

Amarc Resources Ltd. is engaged in acquiring, exploring, and developing mineral properties within Canada. The company primarily focuses on the exploration of deposits for copper, gold, silver, and molybdenum. Amarc Resources holds a complete interest in several projects, including the IKE project, which spans 462 square kilometers in Gold Bridge, located in south-central British Columbia. Additionally, the DUKE project, covering 678 square kilometers, is situated northeast of Smithers in central British Columbia, while the JOY project encompasses an area of 492 square kilometers in the Toodoggone region of north-central British Columbia.

Investing Considerations

Before making any investment decisions regarding Amarc Resources, it is essential to consider the current market analysis and expert ratings. According to recent assessments, Amarc Resources is currently rated as a "Hold" by analysts. It is wise for potential investors to compare this stock with others that analysts believe might offer better investment opportunities.

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Amarc, Stocks, Investment