Amarc Resources (CVE:AHR) Shares Down 21.4% – What’s Next?

Amarc Resources Ltd. (CVE:AHR)’s share price fell 21.4% during trading on Tuesday . 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 Stock Performance

The company has a 50 day moving average price of C$0.51 and a 200 day moving average price of C$0.29. The company 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 quick ratio of 2.44 and a current ratio of 1.32.

Insider Buying and Selling

In related news, Director Diane Samantha Nicolson sold 75,000 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of C$0.57, for a total transaction of C$42,945.00. Also, Director Terrance Barry Coughlan sold 50,000 shares of the firm’s stock in a transaction 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. Insiders have sold 148,500 shares of company stock worth $91,395 over the last ninety days. 35.62% of the stock is owned by 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.