Amarc Resources (CVE:AHR) Trading Down 19.1% – What’s Next?

Shares of Amarc Resources Ltd. (CVE:AHR) traded down 19.1% during mid-day trading on Friday . The company traded as low as C$0.49 and last traded at C$0.55. 769,320 shares traded hands 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 Trading Down 19.1 %

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’s 50 day moving average price is C$0.50 and its 200 day moving average price is C$0.29. The stock has a market capitalization of C$116.44 million, a P/E ratio of -6.25 and a beta of 0.91.

Insider Buying and Selling at Amarc Resources

In other news, 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. Also, Senior Officer Trevor Thomas purchased 70,000 shares of Amarc Resources stock in a transaction that occurred on 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 90 days. 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.