Amarc Resources (CVE:AHR) Stock Price Down 22.1% – What’s Next?

Amarc Resources Ltd. (CVE:AHR)’s share price dropped 22.1% on Friday . The stock traded as low as C$0.49 and last traded at C$0.53. Approximately 745,769 shares changed hands during mid-day trading, an increase of 41% from the average daily volume of 527,445 shares. The stock had previously closed at C$0.68.

Amarc Resources Price Performance

The company has a current ratio of 1.32, a quick ratio of 2.44 and a debt-to-equity ratio of 81.97. The company’s fifty day moving average is C$0.50 and its two-hundred day moving average is C$0.29. The stock has a market cap of C$116.44 million, a price-to-earnings ratio of -6.25 and a beta of 0.91.

Insider Activity at Amarc Resources

In related news, Senior Officer Trevor Thomas bought 70,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased 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 business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of C$0.64, for a total transaction of C$32,000.00. In the last quarter, insiders sold 148,500 shares of company stock worth $91,395. 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.