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

Amarc Resources Ltd. (CVE:AHR)’s stock price traded down 19.1% on Saturday . The company traded as low as C$0.49 and last traded at C$0.55. 769,320 shares were traded during mid-day 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 Stock Down 19.1 %

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

Insider Transactions at Amarc Resources

In other Amarc Resources news, Senior Officer Trevor Thomas bought 70,000 shares of Amarc Resources stock in a transaction dated Monday, February 24th. The shares were purchased at an average cost 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 company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of C$0.57, for a total transaction of C$42,945.00. Insiders have sold 148,500 shares of company stock valued at $91,395 in the last three months. 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.