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

Amarc Resources Ltd. (CVE:AHR) shares 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 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 Performance

The company has a debt-to-equity ratio of 81.97, a quick ratio of 2.44 and a current ratio of 1.32. The firm’s 50-day moving average price is C$0.52 and its two-hundred day moving average price is C$0.30. The firm has a market capitalization of C$89.97 million, a price-to-earnings ratio of -6.25 and a beta of 0.91.

Insider Buying and Selling at Amarc Resources

In other Amarc Resources news, Director Terrance Barry Coughlan sold 50,000 shares of Amarc Resources stock in a transaction 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. Also, Director Diane Samantha Nicolson sold 75,000 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of C$0.57, for a total value of C$42,945.00. In the last 90 days, insiders sold 148,500 shares of company stock worth $91,395. 35.62% of the stock is currently owned by corporate 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.