Amarc Resources (CVE:AHR) Stock Price Down 21.4% – Here’s What Happened

Amarc Resources Ltd. (CVE:AHR)’s share price was down 21.4% during mid-day trading on Tuesday . The company traded as low as C$0.42 and last traded at C$0.44. Approximately 424,152 shares changed hands during 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 Trading Down 21.4 %

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 stock’s 50-day simple moving average is C$0.51 and its 200-day simple moving average is C$0.29. The firm has a market capitalization of C$93.15 million, a PE ratio of -6.25 and a beta of 0.91.

Insider Buying and Selling at Amarc Resources

In other news, Director Terrance Barry Coughlan sold 50,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of C$0.64, for a total value of C$32,000.00. Also, Senior Officer Trevor Thomas bought 70,000 shares of Amarc Resources stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of C$0.71 per share, for a total transaction of C$49,700.00. In the last ninety days, 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.