Amarc Resources (CVE:AHR) Stock Price Down 21.4% – Here’s Why

Amarc Resources Ltd. (CVE:AHR) traded down 21.4% on Tuesday . The company traded as low as C$0.42 and last traded at C$0.44. 424,152 shares changed hands during mid-day 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 Price Performance

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 stock has a 50 day moving average price of C$0.51 and a two-hundred day moving average price of C$0.29. The firm has a market capitalization of C$93.15 million, a price-to-earnings ratio of -6.25 and a beta of 0.91.

Insider Buying and Selling

In related news, Senior Officer Trevor Thomas bought 70,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average cost of C$0.71 per share, with a total value of C$49,700.00. Also, Director Diane Samantha Nicolson sold 75,000 shares of the company’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. Insiders sold 148,500 shares of company stock valued at $91,395 in the last three months. 35.62% of the stock is owned by corporate 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.