Amarc Resources (CVE:AHR) Stock Price Down 19.1% – Here’s Why

Amarc Resources Ltd. (CVE:AHR) shares dropped 19.1% during mid-day trading on Friday . The stock 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 company has a 50-day simple moving average of C$0.50 and a 200-day simple moving average of C$0.29. The company has a debt-to-equity ratio of 81.97, a quick ratio of 2.44 and a current ratio of 1.32. The stock has a market cap of C$116.44 million, a P/E ratio of -6.25 and a beta of 0.91.

Insider Transactions at Amarc Resources

In other news, Senior Officer Trevor Thomas bought 70,000 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was bought at an average price of C$0.71 per share, for a total transaction of C$49,700.00. Also, Director Diane Samantha Nicolson sold 75,000 shares of the business’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. Insiders sold a total of 148,500 shares of company stock worth $91,395 over the last 90 days. 35.62% of the stock is owned by 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.