Amarc Resources (CVE:AHR) Trading Down 19.1% – Time to Sell?

Amarc Resources Ltd. (CVE:AHR)’s share price fell 19.1% on Saturday . The stock traded as low as C$0.49 and last traded at C$0.55. 769,320 shares changed 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 Stock Performance

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 has a market cap of C$116.44 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. The company has a fifty day moving average price of C$0.49 and a two-hundred day moving average price of C$0.28.

Insider Activity

In related news, Senior Officer Trevor Thomas bought 70,000 shares of Amarc Resources stock in a transaction dated 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 Terrance Barry Coughlan sold 50,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of C$0.64, for a total value of C$32,000.00. Insiders sold a total of 148,500 shares of company stock worth $91,395 over the last 90 days. 35.62% of the stock is currently owned by company insiders.

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.