Amarc Resources (CVE:AHR) Shares Down 9.1% – Here’s Why

Amarc Resources Ltd. (CVE:AHR)’s share price fell 9.1% during trading on Tuesday . The stock traded as low as C$0.40 and last traded at C$0.40. 174,161 shares were traded during mid-day trading, a decline of 64% from the average session volume of 478,040 shares. The stock had previously closed at C$0.44.

Amarc Resources Trading Up 11.6 %

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 firm has a fifty day simple moving average of C$0.54 and a two-hundred day simple moving average of C$0.31. The firm has a market capitalization of C$112.20 million, a P/E ratio of -6.25 and a beta of 0.91.

Insider Buying and Selling

In related news, 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 transaction of C$32,000.00. Also, Director Diane Samantha Nicolson sold 75,000 shares of the 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 transaction of C$42,945.00. In the last 90 days, insiders sold 148,500 shares of company stock valued at $91,395. 35.62% of the stock is owned by 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.