Amarc Resources (CVE:AHR) Stock Price Down 21.4% – Should You Sell?

Amarc Resources Ltd. (CVE:AHR) shares fell 21.4% during mid-day trading on Wednesday . The company traded as low as C$0.42 and last traded at C$0.44. 424,152 shares traded hands during trading, a decline of 19% from the average session volume of 522,478 shares. The stock had previously closed at C$0.56.

Amarc Resources Stock Down 9.6 %

The stock has a 50-day moving average of C$0.52 and a two-hundred day moving average of C$0.30. The company has a market cap of C$89.97 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 quick ratio of 2.44 and a current ratio of 1.32.

Insider Buying and Selling

In other news, Senior Officer Trevor Thomas bought 70,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price of C$0.71 per share, for a total transaction of C$49,700.00. Also, Director Terrance Barry Coughlan sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of C$0.64, for a total value of C$32,000.00. Insiders sold 148,500 shares of company stock worth $91,395 in the last quarter. 35.62% of the stock is owned by 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.