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

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. 360,268 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 520,992 shares. The stock had previously closed at C$0.56.

Amarc Resources Trading Down 21.4 %

The firm 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 quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97. The firm has a 50 day moving average of C$0.51 and a 200-day moving average of C$0.29.

Insider Buying and Selling at Amarc Resources

In other Amarc Resources news, Director Terrance Barry Coughlan sold 50,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of C$0.64, for a total value of C$32,000.00. Also, Director Diane Samantha Nicolson sold 75,000 shares of the company’s stock in a transaction that occurred 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 valued at $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.