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

Amarc Resources Ltd. (CVE:AHR)’s share price fell 21.4% on Tuesday . The stock traded as low as C$0.42 and last traded at C$0.44. 424,152 shares were traded during mid-day 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 company has a current ratio of 1.32, a quick ratio of 2.44 and a debt-to-equity ratio of 81.97. 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 fifty day moving average price of C$0.51 and a two-hundred day moving average price of C$0.29.

Insiders Place Their Bets

In other news, Senior Officer Trevor Thomas purchased 70,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of C$0.71 per share, for a total transaction of C$49,700.00. Also, Director Diane Samantha Nicolson sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of C$0.57, for a total value of C$42,945.00. In the last 90 days, insiders have sold 148,500 shares of company stock worth $91,395. Company 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.