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

Amarc Resources Ltd. (CVE:AHR)’s share price was down 21.4% during mid-day trading on Tuesday . The company traded as low as C$0.42 and last traded at C$0.44. Approximately 424,152 shares traded hands during mid-day 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 Trading Down 21.4 %

The company has a market cap of C$93.15 million, a P/E ratio of -6.25 and a beta of 0.91. The stock’s 50 day moving average is C$0.51 and its 200-day moving average is C$0.29. The company has a current ratio of 1.32, a quick ratio of 2.44 and a debt-to-equity ratio of 81.97.

Insider Buying and Selling

In other Amarc Resources news, Director Diane Samantha Nicolson sold 75,000 shares of the company’s 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 bought 70,000 shares of the stock in a transaction on Monday, February 24th. The shares were bought at an average price of C$0.71 per share, for a total transaction of C$49,700.00. Insiders have sold a total of 148,500 shares of company stock worth $91,395 in the last quarter. Corporate insiders own 35.62% of the company’s stock.

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.