Amarc Resources (CVE:AHR) Trading Down 19.1% – Here’s Why

Shares of Amarc Resources Ltd. (CVE:AHR) traded down 19.1% during mid-day trading on Saturday . The stock 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 quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97. 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 firm has a 50 day moving average of C$0.49 and a 200-day moving average of C$0.28.

Insider Activity at Amarc Resources

In other Amarc Resources 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 business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of C$0.57, for a total transaction of C$42,945.00. Over the last ninety days, insiders sold 148,500 shares of company stock worth $91,395. Company insiders own 35.62% of the company’s stock.

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.