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

Amarc Resources Ltd. (CVE:AHR) shares were down 21.4% during mid-day trading on Tuesday . The company traded as low as C$0.42 and last traded at C$0.44. Approximately 380,968 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 521,026 shares. The stock had previously closed at C$0.56.

Amarc Resources Price Performance

The company has a market capitalization of C$93.15 million, a P/E ratio of -6.25 and a beta of 0.91. 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’s 50-day moving average is C$0.51 and its 200-day moving average is C$0.29.

Insider Transactions at Amarc Resources

In other Amarc Resources news, Director Terrance Barry Coughlan sold 50,000 shares of Amarc Resources stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of C$0.64, for a total transaction of C$32,000.00. Also, Director Diane Samantha Nicolson sold 75,000 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of C$0.57, for a total transaction of C$42,945.00. Insiders sold 148,500 shares of company stock worth $91,395 in the last three months. Corporate insiders own 35.62% of the company’s stock.

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.