Amarc Resources (CVE:AHR) Shares Down 19.1% – What’s Next?

Amarc Resources Ltd. (CVE:AHR) traded down 19.1% during mid-day trading on Saturday . The stock traded as low as C$0.49 and last traded at C$0.55. 769,320 shares traded hands during mid-day trading, an increase of 45% from the average session volume of 529,368 shares. The stock had previously closed at C$0.68.

Amarc Resources Stock Performance

The firm has a market capitalization of C$116.44 million, a P/E ratio of -6.25 and a beta of 0.91. The company has a 50-day moving average of C$0.49 and a 200-day moving average of C$0.28. The company has a current ratio of 1.32, a quick ratio of 2.44 and a debt-to-equity ratio of 81.97.

Insider Buying and Selling at Amarc Resources

In related news, Director Diane Samantha Nicolson sold 75,000 shares of Amarc Resources stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of C$0.57, for a total value of C$42,945.00. Also, Director Terrance Barry Coughlan sold 50,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of C$0.64, for a total transaction of C$32,000.00. Over the last three months, insiders have sold 148,500 shares of company stock valued at $91,395. 35.62% of the stock is currently owned by company 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.