Amarc Resources (CVE:AHR) Shares Down 21.4% – Here’s Why

Shares of Amarc Resources Ltd. (CVE:AHR) traded down 21.4% on Wednesday . The company traded as low as C$0.42 and last traded at C$0.44. 424,152 shares were traded during mid-day 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 Stock Performance

The company has a current ratio of 1.32, a quick ratio of 2.44 and a debt-to-equity ratio of 81.97. The company has a market cap of C$89.97 million, a P/E ratio of -6.25 and a beta of 0.91. The company has a 50 day moving average price of C$0.51 and a 200-day moving average price of C$0.29.

Insider Activity at Amarc Resources

In other news, Director Terrance Barry Coughlan sold 50,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of C$0.64, for a total transaction of C$32,000.00. Also, Director Diane Samantha Nicolson sold 75,000 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of C$0.57, for a total value of C$42,945.00. Insiders have sold 148,500 shares of company stock valued at $91,395 over the last ninety days. 35.62% of the stock is owned by corporate insiders.

About Amarc Resources

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.