Amarc Resources (CVE:AHR) Stock Price Down 19.1% – What’s Next?

Amarc Resources Ltd. (CVE:AHR) shares traded down 19.1% during trading on Friday . The stock traded as low as C$0.49 and last traded at C$0.55. 769,320 shares traded hands during 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 Price Performance

The firm has a fifty day simple moving average of C$0.50 and a 200 day simple moving average of C$0.29. The company has a market capitalization of C$116.44 million, a PE ratio of -6.25 and a beta of 0.91. The company has a debt-to-equity ratio of 81.97, a quick ratio of 2.44 and a current ratio of 1.32.

Insiders Place Their Bets

In related news, Senior Officer Trevor Thomas purchased 70,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of C$0.71 per share, for a total transaction of C$49,700.00. Also, Director Diane Samantha Nicolson sold 75,000 shares of Amarc Resources stock in a transaction 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. Insiders have sold 148,500 shares of company stock worth $91,395 in the last ninety 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.