Amarc Resources (CVE:AHR) Stock Price Down 21.4% – Should You Sell?

Amarc Resources Ltd. (CVE:AHR) was down 21.4% on Wednesday . 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 market cap of C$93.15 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. The business has a 50-day simple moving average of C$0.51 and a two-hundred day simple moving average of C$0.29. The company has a quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97.

Insider Buying and Selling

In other news, Director Terrance Barry Coughlan sold 50,000 shares of Amarc Resources stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of C$0.64, for a total value of C$32,000.00. Also, Senior Officer Trevor Thomas bought 70,000 shares of the stock in a transaction on Monday, February 24th. The stock was acquired at an average cost of C$0.71 per share, for a total transaction of C$49,700.00. In the last ninety days, insiders sold 148,500 shares of company stock worth $91,395. 35.62% of the stock is currently 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.