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

Amarc Resources Ltd. (CVE:AHR)’s share price was down 21.4% during mid-day trading on Wednesday . The company traded as low as C$0.42 and last traded at C$0.44. Approximately 424,152 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 522,478 shares. The stock had previously closed at C$0.56.

Amarc Resources Stock Performance

The company has a market cap of C$89.97 million, a P/E ratio of -6.25 and a beta of 0.91. The stock’s 50-day moving average price is C$0.51 and its 200-day moving average price is 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 Buying and Selling at Amarc Resources

In other news, Director Diane Samantha Nicolson sold 75,000 shares of the stock in a transaction on 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 purchased 70,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price of C$0.71 per share, for a total transaction of C$49,700.00. Insiders sold 148,500 shares of company stock valued at $91,395 in the last quarter. Company insiders own 35.62% of the company’s stock.

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.