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

Amarc Resources Ltd. (CVE:AHR)’s share price traded down 19.1% during trading on Saturday . The company traded as low as C$0.49 and last traded at C$0.55. 769,320 shares were traded during mid-day trading, an increase of 45% from the average session volume of 529,368 shares. The stock had previously closed at C$0.68.

Amarc Resources Price Performance

The firm has a market capitalization of C$116.44 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 stock’s fifty day simple moving average is C$0.49 and its 200 day simple moving average is C$0.28.

Insiders Place Their Bets

In other Amarc Resources news, Senior Officer Trevor Thomas purchased 70,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were acquired at an average price 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 the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of C$0.57, for a total value of C$42,945.00. Over the last ninety days, insiders sold 148,500 shares of company stock worth $91,395. 35.62% of the stock is 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.