Amarc Resources (CVE:AHR) Shares Down 21.4% – What’s Next?

Shares of Amarc Resources Ltd. (CVE:AHR) fell 21.4% on Tuesday . The company traded as low as C$0.42 and last traded at C$0.44. 424,152 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 522,478 shares. The stock had previously closed at C$0.56.

Amarc Resources Trading Down 21.4 %

The firm has a market cap of C$93.15 million, a PE ratio of -6.25 and a beta of 0.91. The business has a 50-day moving average price of C$0.51 and a two-hundred day moving average price of C$0.29. The company has a debt-to-equity ratio of 81.97, a current ratio of 1.32 and a quick ratio of 2.44.

Insider Activity

In related news, Director Diane Samantha Nicolson sold 75,000 shares of Amarc Resources stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of C$0.57, for a total transaction of C$42,945.00. Also, Senior Officer Trevor Thomas acquired 70,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of C$0.71 per share, with a total value of C$49,700.00. Insiders sold a total of 148,500 shares of company stock worth $91,395 over the last 90 days. 35.62% of the stock is currently owned by corporate insiders.

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.