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

Amarc Resources Ltd. (CVE:AHR)’s share price dropped 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 Price Performance

The stock has a market cap 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 quick ratio of 2.44 and a current ratio of 1.32. The business has a 50 day moving average price of C$0.51 and a two-hundred day moving average price of C$0.29.

Insider Buying and Selling

In related news, Director Diane Samantha Nicolson sold 75,000 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of C$0.57, for a total transaction of C$42,945.00. Also, Senior Officer Trevor Thomas acquired 70,000 shares of the stock in a transaction on Monday, February 24th. The stock was bought at an average cost of C$0.71 per share, for a total transaction of C$49,700.00. Over the last three months, insiders have sold 148,500 shares of company stock worth $91,395. 35.62% of the stock is owned by company 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.