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

Amarc Resources Ltd. (CVE:AHR)’s stock price dropped 21.4% during trading on Wednesday . The company traded as low as C$0.42 and last traded at C$0.44. Approximately 424,152 shares were traded during trading, a decline of 19% from the average daily volume of 522,478 shares. The stock had previously closed at C$0.56.

Amarc Resources Trading Down 21.4 %

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 business’s 50-day moving average is C$0.51 and its 200 day moving average is C$0.29. The firm has a market capitalization of C$93.15 million, a P/E ratio of -6.25 and a beta of 0.91.

Insider Transactions at Amarc Resources

In other Amarc Resources news, Director Terrance Barry Coughlan sold 50,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was 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 business’s 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. Over the last ninety days, insiders have sold 148,500 shares of company stock valued at $91,395. 35.62% of the stock is currently owned by company 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.