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

Amarc Resources Ltd. (CVE:AHR) shares fell 21.4% during mid-day trading on Tuesday . The company traded as low as C$0.42 and last traded at C$0.44. 424,152 shares traded hands during trading, a decline of 19% from the average session volume of 522,478 shares. The stock had previously closed at C$0.56.

Amarc Resources Trading Down 21.4 %

The business’s 50-day moving average price is C$0.51 and its 200-day moving average price is C$0.29. 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$93.15 million, a PE ratio of -6.25 and a beta of 0.91.

Insider Buying and Selling at Amarc Resources

In other Amarc Resources news, Director Terrance Barry Coughlan sold 50,000 shares of Amarc Resources stock in a transaction dated 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, Senior Officer Trevor Thomas bought 70,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of C$0.71 per share, with a total value of C$49,700.00. Over the last quarter, insiders sold 148,500 shares of company stock valued at $91,395. 35.62% of the stock is 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.