Amarc Resources (CVE:AHR) Shares Down 21.4% – Here’s What Happened

Amarc Resources Ltd. (CVE:AHR) shares were down 21.4% during mid-day trading on Tuesday . The stock traded as low as C$0.42 and last traded at C$0.44. Approximately 424,152 shares changed hands during trading, a decline of 19% from the average daily volume of 522,478 shares. The stock had previously closed at C$0.56.

Amarc Resources Stock Down 21.4 %

The company has a debt-to-equity ratio of 81.97, a current ratio of 1.32 and a quick ratio of 2.44. The firm has a 50-day moving average of C$0.51 and a 200 day moving average of C$0.29. The stock has a market capitalization of C$93.15 million, a price-to-earnings ratio of -6.25 and a beta of 0.91.

Insider Activity at Amarc Resources

In other Amarc Resources news, Senior Officer Trevor Thomas acquired 70,000 shares of the company’s stock in a transaction 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. Also, Director Terrance Barry Coughlan sold 50,000 shares of Amarc Resources 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. Over the last three months, insiders sold 148,500 shares of company stock valued at $91,395. 35.62% of the stock is 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.