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

Amarc Resources Ltd. (CVE:AHR)’s stock price traded down 21.4% during trading on Wednesday . The company traded as low as C$0.42 and last traded at C$0.44. 424,152 shares were traded during mid-day 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 Stock Down 9.6 %

The company has a market cap of C$89.97 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 business’s 50 day moving average is C$0.52 and its 200 day moving average is C$0.30.

Insider Buying and Selling

In related news, Director Terrance Barry Coughlan sold 50,000 shares of the business’s 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. Also, Senior Officer Trevor Thomas purchased 70,000 shares of Amarc Resources stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of C$0.71 per share, for a total transaction of C$49,700.00. Insiders sold 148,500 shares of company stock valued at $91,395 over the last 90 days. 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.