Amarc Resources (CVE:AHR) Trading Down 21.4% – Here’s Why

Amarc Resources Ltd. (CVE:AHR)’s share price was down 21.4% during trading on Tuesday . The stock traded as low as C$0.42 and last traded at C$0.44. Approximately 424,152 shares were traded 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 firm’s 50-day simple moving average is C$0.51 and its 200 day simple moving average is C$0.29. The company has a market cap of C$93.15 million, a P/E ratio of -6.25 and a beta of 0.91. The company has a debt-to-equity ratio of 81.97, a quick ratio of 2.44 and a current ratio of 1.32.

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, Director Diane Samantha Nicolson sold 75,000 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of C$0.57, for a total transaction of C$42,945.00. In the last 90 days, insiders sold 148,500 shares of company stock worth $91,395. Insiders own 35.62% of the company’s stock.

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.