Amarc Resources (CVE:AHR) Trading Down 19.1% – Here’s Why

Amarc Resources Ltd. (CVE:AHR) shares dropped 19.1% on Saturday . The company traded as low as C$0.49 and last traded at C$0.55. Approximately 769,320 shares were traded during mid-day trading, an increase of 45% from the average daily volume of 529,368 shares. The stock had previously closed at C$0.68.

Amarc Resources Trading Down 19.1 %

The company has a quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97. The stock’s 50 day moving average price is C$0.49 and its 200-day moving average price is C$0.28. The stock has a market capitalization of C$116.44 million, a PE ratio of -6.25 and a beta of 0.91.

Insider Buying and Selling

In related news, Director Diane Samantha Nicolson sold 75,000 shares of Amarc Resources stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of C$0.57, for a total value of C$42,945.00. Also, Senior Officer Trevor Thomas acquired 70,000 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were bought at an average price of C$0.71 per share, for a total transaction of C$49,700.00. Over the last 90 days, insiders sold 148,500 shares of company stock worth $91,395. 35.62% of the stock is owned by corporate 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.