Amarc Resources (CVE:AHR) Trading Down 19.1% – Here’s Why

Amarc Resources Ltd. (CVE:AHR) shares traded down 19.1% on Saturday . The company traded as low as C$0.49 and last traded at C$0.55. 769,320 shares were traded 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 Stock 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 stock has a fifty day moving average price of C$0.49 and a two-hundred day moving average price of C$0.28. The company has a market cap of C$116.44 million, a P/E ratio of -6.25 and a beta of 0.91.

Insider Buying and Selling at Amarc Resources

In other Amarc Resources news, Director Diane Samantha Nicolson sold 75,000 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of C$0.57, for a total transaction of C$42,945.00. Also, Director Terrance Barry Coughlan sold 50,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of C$0.64, for a total transaction of C$32,000.00. Insiders have sold 148,500 shares of company stock valued at $91,395 in the last quarter. 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.