Amarc Resources (CVE:AHR) Trading Down 19.1% – Time to Sell?

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

Amarc Resources Trading Down 19.1 %

The company has a 50 day moving average of C$0.49 and a 200-day moving average of C$0.28. 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 stock has a market cap of C$116.44 million, a price-to-earnings ratio of -6.25 and a beta of 0.91.

Insider Buying and Selling

In other Amarc Resources news, Director Diane Samantha Nicolson sold 75,000 shares of the 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 purchased 70,000 shares of Amarc Resources 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. In the last 90 days, insiders have sold 148,500 shares of company stock valued at $91,395. Corporate insiders own 35.62% of the company’s stock.

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.