Amarc Resources (CVE:AHR) Shares Down 21.4% – Here’s Why

Amarc Resources Ltd. (CVE:AHR) was down 21.4% on Wednesday . The stock traded as low as C$0.42 and last traded at C$0.44. Approximately 424,152 shares changed hands 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 Stock Down 21.4 %

The company has a market cap of C$93.15 million, a P/E ratio of -6.25 and a beta of 0.91. 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 price is C$0.51 and its 200-day moving average price is C$0.29.

Insider Activity at Amarc Resources

In other Amarc Resources news, Director Terrance Barry Coughlan sold 50,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of C$0.64, for a total value of C$32,000.00. Also, Senior Officer Trevor Thomas bought 70,000 shares of Amarc Resources stock in a transaction dated Monday, February 24th. The shares were bought at an average price of C$0.71 per share, for a total transaction of C$49,700.00. Insiders sold 148,500 shares of company stock valued at $91,395 in the last three months. Corporate 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.