Amarc Resources (CVE:AHR) Trading Down 22.3% – Time to Sell?

Amarc Resources Ltd. (CVE:AHR)’s stock price traded down 22.3% on Tuesday . The stock traded as low as C$0.42 and last traded at C$0.44. 294,549 shares were traded during mid-day trading, a decline of 43% from the average session volume of 515,940 shares. The stock had previously closed at C$0.56.

Amarc Resources Stock Down 21.4 %

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

Insider Transactions at Amarc Resources

In other Amarc Resources news, Senior Officer Trevor Thomas purchased 70,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were bought at an average price of C$0.71 per share, with a total value of C$49,700.00. Also, Director Terrance Barry Coughlan sold 50,000 shares of the firm’s 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. Insiders have sold a total of 148,500 shares of company stock valued at $91,395 over the last 90 days. 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.