Amarc Resources (CVE:AHR) Shares Down 21.4% – Here’s What Happened

Amarc Resources Ltd. (CVE:AHR)’s share price traded down 21.4% during trading on Wednesday . The stock traded as low as C$0.42 and last traded at C$0.44. 424,152 shares traded hands during 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 Price Performance

The firm has a market capitalization of C$93.15 million, a PE ratio of -6.25 and a beta of 0.91. 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 business’s 50 day moving average is C$0.51 and its two-hundred day moving average is C$0.29.

Insiders Place Their Bets

In other news, Director Terrance Barry Coughlan sold 50,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was 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 company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of C$0.57, for a total value of C$42,945.00. In the last 90 days, insiders sold 148,500 shares of company stock worth $91,395. 35.62% of the stock is currently owned by company insiders.

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.