Amarc Resources (CVE:AHR) Stock Price Down 19.1% – Should You Sell?

Amarc Resources Ltd. (CVE:AHR)’s share price dropped 19.1% during mid-day trading on Saturday . The company traded as low as C$0.49 and last traded at C$0.55. Approximately 769,320 shares changed hands during trading, an increase of 45% from the average daily 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 business’s 50 day moving average price is C$0.49 and its 200-day moving average price is C$0.28. The firm has a market capitalization of C$116.44 million, a price-to-earnings ratio of -6.25 and a beta of 0.91.

Insider Transactions at Amarc Resources

In related news, Director Diane Samantha Nicolson sold 75,000 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of C$0.57, for a total transaction of C$42,945.00. Also, Senior Officer Trevor Thomas acquired 70,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average cost of C$0.71 per share, for a total transaction of C$49,700.00. Insiders have sold a total of 148,500 shares of company stock worth $91,395 over the last ninety days. 35.62% of the stock is currently owned by company insiders.

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.