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

Amarc Resources Ltd. (CVE:AHR)’s stock price dropped 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 traded 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 Price Performance

The firm has a market capitalization of C$93.15 million, a P/E ratio of -6.25 and a beta of 0.91. The business’s fifty day moving average is C$0.51 and its 200 day moving average is C$0.29. 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 other Amarc Resources news, Senior Officer Trevor Thomas acquired 70,000 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was purchased at an average cost 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 Amarc Resources stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of C$0.57, for a total value of C$42,945.00. Over the last ninety days, insiders sold 148,500 shares of company stock valued at $91,395. 35.62% of the stock is currently owned by corporate insiders.

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.