Amarc Resources (CVE:AHR) Stock Price Down 19.1% – Should You Sell?

Amarc Resources Ltd. (CVE:AHR) was down 19.1% during trading 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 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 Price Performance

The company has a market cap of C$116.44 million, a P/E ratio of -6.25 and a beta of 0.91. The firm’s 50-day moving average is C$0.49 and its two-hundred day moving average is C$0.28. The company has a debt-to-equity ratio of 81.97, a current ratio of 1.32 and a quick ratio of 2.44.

Insider Transactions at Amarc Resources

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