Amarc Resources (CVE:AHR) Stock Price Down 21.4% – Should You Sell?

Shares of Amarc Resources Ltd. (CVE:AHR) dropped 21.4% on Tuesday . The stock traded as low as C$0.42 and last traded at C$0.44. Approximately 424,152 shares changed hands during trading, a decline of 19% from the average daily volume of 522,478 shares. The stock had previously closed at C$0.56.

Amarc Resources Stock Down 21.4 %

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 market capitalization of C$93.15 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. The firm has a 50-day moving average price of C$0.51 and a two-hundred day moving average price of C$0.29.

Insider Transactions at Amarc Resources

In related news, Senior Officer Trevor Thomas purchased 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 Terrance Barry Coughlan sold 50,000 shares of the 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 value of C$32,000.00. Insiders sold 148,500 shares of company stock valued at $91,395 over the last three months. Company 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.