Amarc Resources (CVE:AHR) Trading Down 19.1% – Time to Sell?

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

Amarc Resources Stock Down 19.1 %

The stock’s fifty day simple moving average is C$0.49 and its two-hundred day simple moving average is C$0.28. 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 capitalization of C$116.44 million, a price-to-earnings ratio of -6.25 and a beta of 0.91.

Insider Activity at Amarc Resources

In related news, Director Diane Samantha Nicolson sold 75,000 shares of the firm’s stock in a transaction that occurred 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, Director Terrance Barry Coughlan sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of C$0.64, for a total value of C$32,000.00. Insiders sold a total of 148,500 shares of company stock valued at $91,395 in the last quarter. Insiders own 35.62% of the company’s stock.

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.