Amarc Resources (CVE:AHR) Shares Down 22.3% – Should You Sell?

Amarc Resources Ltd. (CVE:AHR)’s stock price was down 22.3% during trading on Tuesday . The company traded as low as C$0.42 and last traded at C$0.44. Approximately 294,549 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 515,940 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 debt-to-equity ratio of 81.97, a quick ratio of 2.44 and a current ratio of 1.32. The company has a market capitalization of C$93.15 million, a P/E ratio of -6.25 and a beta of 0.91.

Insider Activity

In related news, Senior Officer Trevor Thomas bought 70,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of C$0.71 per share, for a total transaction of C$49,700.00. Also, Director Diane Samantha Nicolson sold 75,000 shares of the business’s stock in a transaction 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. In the last three months, insiders have sold 148,500 shares of company stock valued at $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.