Amarc Resources (CVE:AHR) Trading Down 21.4% – Here’s Why

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

The business has a 50 day moving average of C$0.51 and a 200 day moving average of C$0.29. The firm has a market capitalization of C$93.15 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. 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 at Amarc Resources

In related news, Senior Officer Trevor Thomas purchased 70,000 shares of Amarc Resources stock in a transaction dated 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. Also, 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. Insiders have sold 148,500 shares of company stock worth $91,395 in the last ninety days. Company insiders own 35.62% of the company’s stock.

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.