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

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

Amarc Resources Stock Down 19.1 %

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 firm has a market capitalization of C$116.44 million, a PE ratio of -6.25 and a beta of 0.91. The company has a fifty day moving average price of C$0.49 and a 200-day moving average price of C$0.28.

Insider Buying and Selling

In other news, Director Terrance Barry Coughlan sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of C$0.64, for a total value of C$32,000.00. Also, Director Diane Samantha Nicolson sold 75,000 shares of the business’s stock in a transaction that occurred 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. Over the last 90 days, insiders have sold 148,500 shares of company stock worth $91,395. 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.