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

Amarc Resources Ltd. (CVE:AHR) fell 21.4% during trading on Wednesday . The stock traded as low as C$0.42 and last traded at C$0.44. 424,152 shares were traded during trading, a decline of 19% from the average session volume of 522,478 shares. The stock had previously closed at C$0.56.

Amarc Resources Stock Performance

The stock’s 50-day moving average price is C$0.51 and its 200-day moving average price is C$0.29. The company has a market capitalization of C$93.15 million, a price-to-earnings 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, Director Diane Samantha Nicolson sold 75,000 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of C$0.57, for a total value 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 stock was acquired at an average price of C$0.71 per share, for a total transaction of C$49,700.00. Insiders sold a total of 148,500 shares of company stock worth $91,395 over the last ninety days. 35.62% of the stock is currently owned by corporate 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.