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

Amarc Resources Ltd. (CVE:AHR) traded down 19.1% during trading on Saturday . The company traded as low as C$0.49 and last traded at C$0.55. 769,320 shares traded hands 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 Price Performance

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. The business’s 50-day simple moving average is C$0.49 and its 200 day simple moving average is C$0.28.

Insider Activity

In other Amarc Resources news, Senior Officer Trevor Thomas purchased 70,000 shares of the company’s stock in a transaction that occurred on 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 the firm’s stock in a transaction 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. Over the last 90 days, insiders sold 148,500 shares of company stock valued at $91,395. 35.62% of the stock is currently owned by company 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.