Amarc Resources (CVE:AHR) Shares Down 21.4% – Time to Sell?

Amarc Resources Ltd. (CVE:AHR)’s stock price traded down 21.4% during mid-day trading on Wednesday . The stock traded as low as C$0.42 and last traded at C$0.44. 424,152 shares traded hands during trading, a decline of 19% from the average session volume of 522,478 shares. The stock had previously closed at C$0.56.

Amarc Resources Price Performance

The firm has a 50-day moving average of C$0.51 and a 200-day moving average of C$0.29. The stock has a market cap of C$89.97 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 current ratio of 1.32 and a quick ratio of 2.44.

Insider Buying and Selling at Amarc Resources

In other news, Director Terrance Barry Coughlan sold 50,000 shares of the business’s stock in a transaction on 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, Senior Officer Trevor Thomas bought 70,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average cost of C$0.71 per share, with a total value of C$49,700.00. Insiders sold a total of 148,500 shares of company stock valued at $91,395 in the last three months. 35.62% of the stock is currently owned by corporate 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.