Amarc Resources (CVE:AHR) Shares Down 19.1% – Here’s What Happened

Shares of Amarc Resources Ltd. (CVE:AHR) fell 19.1% during trading on Saturday . The company traded as low as C$0.49 and last traded at C$0.55. 769,320 shares changed 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 stock’s 50-day moving average price is C$0.49 and its 200 day moving average price is C$0.28. The firm has a market cap of C$116.44 million, a P/E 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 Buying and Selling at Amarc Resources

In other news, Director Diane Samantha Nicolson sold 75,000 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was 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 Amarc Resources 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. In the last three months, insiders have sold 148,500 shares of company stock worth $91,395. 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.