Amarc Resources (CVE:AHR) Trading Down 19.1% – What’s Next?

Amarc Resources Ltd. (CVE:AHR) shares were down 19.1% on Saturday . The company traded as low as C$0.49 and last traded at C$0.55. Approximately 769,320 shares changed hands 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 firm’s 50-day simple moving average is C$0.49 and its 200-day simple moving average is C$0.28. The firm has a market capitalization of C$116.44 million, a P/E ratio of -6.25 and a beta of 0.91. The company has a quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97.

Insider Transactions at Amarc Resources

In other Amarc Resources news, Senior Officer Trevor Thomas acquired 70,000 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was bought at an average price of C$0.71 per share, with a total value of C$49,700.00. Also, Director Diane Samantha Nicolson sold 75,000 shares of Amarc Resources 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. In the last ninety days, insiders sold 148,500 shares of company stock valued at $91,395. 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.