Amarc Resources (CVE:AHR) Stock Price Down 21.4% – Should You Sell?

Shares of Amarc Resources Ltd. (CVE:AHR) were down 21.4% on Wednesday . The company traded as low as C$0.42 and last traded at C$0.44. Approximately 424,152 shares traded hands during mid-day 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 stock has a market capitalization of C$93.15 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. 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 fifty day moving average of C$0.51 and a two-hundred day moving average of C$0.29.

Insider Activity

In other Amarc Resources news, Senior Officer Trevor Thomas purchased 70,000 shares of the stock in a transaction dated Monday, February 24th. The shares were bought at an average cost of C$0.71 per share, with a total value of C$49,700.00. Also, Director Terrance Barry Coughlan sold 50,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of C$0.64, for a total value of C$32,000.00. Insiders have sold a total of 148,500 shares of company stock valued at $91,395 over the last 90 days. 35.62% of the stock is currently owned by company 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.