Amarc Resources (CVE:AHR) Trading Down 19.1% – Here’s What Happened

Amarc Resources Ltd. (CVE:AHR) dropped 19.1% during trading on Saturday . The company traded as low as C$0.49 and last traded at C$0.55. Approximately 769,320 shares changed hands 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 Price Performance

The firm has a market cap of C$116.44 million, a PE ratio of -6.25 and a beta of 0.91. The firm’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 quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97.

Insider Activity

In other Amarc Resources news, Director Diane Samantha Nicolson sold 75,000 shares of the company’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 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 transaction of C$32,000.00. Insiders have sold 148,500 shares of company stock worth $91,395 in the last three months. Company insiders own 35.62% of the company’s stock.

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.