Amarc Resources (CVE:AHR) Trading Down 19.1% – Here’s What Happened

Shares of Amarc Resources Ltd. (CVE:AHR) fell 19.1% during mid-day trading on Friday . The stock traded as low as C$0.49 and last traded at C$0.55. 769,320 shares were traded during trading, an increase of 45% from the average session volume of 529,368 shares. The stock had previously closed at C$0.68.

Amarc Resources Stock Performance

The firm has a 50 day simple moving average of C$0.50 and a 200-day simple moving average of C$0.29. The company has a debt-to-equity ratio of 81.97, a current ratio of 1.32 and a quick ratio of 2.44. The company has a market cap of C$116.44 million, a price-to-earnings ratio of -6.25 and a beta of 0.91.

Insiders Place Their Bets

In other news, Director Diane Samantha Nicolson sold 75,000 shares of Amarc Resources stock in a transaction 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 company’s stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of C$0.71 per share, with a total value of C$49,700.00. Insiders sold a total of 148,500 shares of company stock valued at $91,395 over the last quarter. 35.62% of the stock is 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.