Amarc Resources (CVE:AHR) Stock Price Down 21.1% – Here’s What Happened

Shares of Amarc Resources Ltd. (CVE:AHR) dropped 21.1% on Tuesday . The company traded as low as C$0.44 and last traded at C$0.44. Approximately 163,049 shares changed hands during trading, a decline of 68% from the average daily volume of 513,308 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 company has a 50-day simple moving average of C$0.51 and a 200-day simple moving average of C$0.29. The stock has a market cap of C$93.15 million, a PE ratio of -6.25 and a beta of 0.91.

Insider Activity

In other news, Senior Officer Trevor Thomas acquired 70,000 shares of Amarc Resources 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 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 sold 148,500 shares of company stock worth $91,395 in the last 90 days. 35.62% of the stock is currently owned by corporate insiders.

Amarc Resources Company Profile

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.