Amarc Resources (CVE:AHR) Trading Down 19.1% – Time to Sell?

Amarc Resources Ltd. (CVE:AHR)’s stock price fell 19.1% on Saturday . The company traded as low as C$0.49 and last traded at C$0.55. 769,320 shares were traded 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 Down 19.1 %

The company has a debt-to-equity ratio of 81.97, a current ratio of 1.32 and a quick ratio of 2.44. The firm has a market capitalization of C$116.44 million, a P/E ratio of -6.25 and a beta of 0.91. The firm’s fifty day moving average price is C$0.49 and its 200-day moving average price is C$0.28.

Insider Buying and Selling at Amarc Resources

In other news, Director Diane Samantha Nicolson sold 75,000 shares of Amarc Resources 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. Also, Senior Officer Trevor Thomas bought 70,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average price of C$0.71 per share, for a total transaction of C$49,700.00. In the last ninety days, insiders sold 148,500 shares of company stock valued at $91,395. 35.62% of the stock is 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.