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

Amarc Resources Ltd. (CVE:AHR)’s stock price was down 19.1% on Saturday . The stock traded as low as C$0.49 and last traded at C$0.55. Approximately 769,320 shares were traded during trading, an increase of 45% from the average daily volume of 529,368 shares. The stock had previously closed at C$0.68.

Amarc Resources Price Performance

The company has a market cap of C$116.44 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. The company 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 current ratio of 1.32, a quick ratio of 2.44 and a debt-to-equity ratio of 81.97.

Insider Transactions at Amarc Resources

In related news, Senior Officer Trevor Thomas bought 70,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average price of C$0.71 per share, for a total transaction of C$49,700.00. Also, Director Terrance Barry Coughlan sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of C$0.64, for a total value of C$32,000.00. In the last quarter, insiders have sold 148,500 shares of company stock valued at $91,395. 35.62% of the stock is 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.