Amarc Resources (CVE:AHR) Stock Price Down 19.1% – What’s Next?

Amarc Resources Ltd. (CVE:AHR)’s share price dropped 19.1% during trading on Friday . The company traded as low as C$0.49 and last traded at C$0.55. Approximately 769,320 shares changed hands during trading, an increase of 45% from the average daily volume of 529,368 shares. The stock had previously closed at C$0.68.

Amarc Resources Stock Performance

The business has a 50 day moving average of C$0.50 and a 200 day moving average of C$0.29. The company has a market capitalization of C$116.44 million, a P/E ratio of -6.25 and a beta of 0.91. 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 Activity at Amarc Resources

In other news, Director Diane Samantha Nicolson sold 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of C$0.57, for a total value of C$42,945.00. Also, Senior Officer Trevor Thomas acquired 70,000 shares of the 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. Over the last three months, insiders sold 148,500 shares of company stock valued at $91,395. Insiders own 35.62% of the company’s stock.

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.