Amarc Resources (CVE:AHR) Stock Price Down 9.1% – What’s Next?

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

Amarc Resources Price Performance

The company’s fifty day moving average price is C$0.54 and its two-hundred day moving average price is C$0.31. The company has a quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97. The company has a market cap of C$112.20 million, a price-to-earnings ratio of -6.25 and a beta of 0.91.

Insiders Place Their Bets

In other Amarc Resources news, Senior Officer Trevor Thomas purchased 70,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were purchased at an average cost of C$0.71 per share, with a total value of C$49,700.00. Also, Director Terrance Barry Coughlan sold 50,000 shares of the firm’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. In the last 90 days, insiders sold 148,500 shares of company stock worth $91,395. 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.