Amarc Resources (CVE:AHR) Stock Price Down 19.1% – Here’s Why

Amarc Resources Ltd. (CVE:AHR) shares were 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 changed 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 Price Performance

The company has a 50-day moving average of C$0.49 and a 200 day moving average of C$0.28. 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 cap of C$116.44 million, a P/E ratio of -6.25 and a beta of 0.91.

Insider Buying and Selling at Amarc Resources

In other Amarc Resources news, Senior Officer Trevor Thomas purchased 70,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of C$0.71 per share, for a total transaction of C$49,700.00. Also, Director Terrance Barry Coughlan sold 50,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of C$0.64, for a total value of C$32,000.00. Over the last three months, insiders 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.