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

Amarc Resources Ltd. (CVE:AHR) fell 21.4% during mid-day trading on Tuesday . The stock traded as low as C$0.42 and last traded at C$0.44. 424,152 shares changed hands 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 Price Performance

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 firm has a market capitalization of C$93.15 million, a P/E ratio of -6.25 and a beta of 0.91. The business has a fifty day moving average of C$0.51 and a 200-day moving average of C$0.29.

Insider Transactions at Amarc Resources

In related news, Senior Officer Trevor Thomas purchased 70,000 shares of Amarc Resources stock in a transaction dated Monday, February 24th. The stock was bought at an average cost of C$0.71 per share, with a total value of C$49,700.00. Also, 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 transaction of C$42,945.00. Over the last quarter, insiders sold 148,500 shares of company stock valued at $91,395. 35.62% of the stock is currently 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.