Amarc Resources (CVE:AHR) Stock Price Down 19.1% – Here’s Why

Shares of Amarc Resources Ltd. (CVE:AHR) dropped 19.1% during trading on Saturday . The stock 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 Stock Down 19.1 %

The stock has a market cap of C$116.44 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. The firm’s 50-day moving average is C$0.49 and its 200 day 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.

Insider Transactions at Amarc Resources

In other Amarc Resources news, Senior Officer Trevor Thomas acquired 70,000 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was bought at an average cost of C$0.71 per share, for a total transaction of C$49,700.00. Also, Director Diane Samantha Nicolson sold 75,000 shares of Amarc Resources stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of C$0.57, for a total transaction of C$42,945.00. Insiders sold a total of 148,500 shares of company stock worth $91,395 in the last ninety days. 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.