Amarc Resources (CVE:AHR) Trading Down 22.3% – Time to Sell?

Amarc Resources Ltd. (CVE:AHR)’s stock price dropped 22.3% during mid-day trading on Tuesday . The company traded as low as C$0.42 and last traded at C$0.44. Approximately 294,549 shares traded hands during trading, a decline of 43% from the average daily volume of 515,940 shares. The stock had previously closed at C$0.56.

Amarc Resources Stock Performance

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 firm has a market capitalization of C$93.15 million, a P/E ratio of -6.25 and a beta of 0.91. The stock has a fifty day moving average of C$0.51 and a 200-day moving average of C$0.29.

Insider Buying and Selling at Amarc Resources

In other Amarc Resources news, Director Terrance Barry Coughlan sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of C$0.64, for a total value of C$32,000.00. Also, Senior Officer Trevor Thomas acquired 70,000 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of C$0.71 per share, with a total value of C$49,700.00. Insiders sold a total of 148,500 shares of company stock worth $91,395 over the last ninety days. 35.62% of the stock is currently owned by corporate 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.