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

Amarc Resources Ltd. (CVE:AHR) shares dropped 19.1% during trading on Saturday . The company traded as low as C$0.49 and last traded at C$0.55. Approximately 769,320 shares traded 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 Stock 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 company has a market capitalization of C$116.44 million, a PE ratio of -6.25 and a beta of 0.91. The stock 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 news, Senior Officer Trevor Thomas acquired 70,000 shares of Amarc Resources stock in a transaction on Monday, February 24th. The stock was acquired at an average cost of C$0.71 per share, with a total value of C$49,700.00. Also, Director Diane Samantha Nicolson sold 75,000 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of C$0.57, for a total value of C$42,945.00. Over the last three months, insiders sold 148,500 shares of company stock valued at $91,395. 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.