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

Amarc Resources Ltd. (CVE:AHR)’s share price was down 19.1% on Friday . The stock traded as low as C$0.49 and last traded at C$0.55. Approximately 769,320 shares traded hands during mid-day 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 Price Performance

The company has a debt-to-equity ratio of 81.97, a quick ratio of 2.44 and a current ratio of 1.32. The firm’s fifty day moving average is C$0.50 and its two-hundred day moving average is C$0.29. The company has a market cap of C$116.44 million, a P/E ratio of -6.25 and a beta of 0.91.

Insider Buying and Selling

In other Amarc Resources news, Director Diane Samantha Nicolson sold 75,000 shares of the 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 bought 70,000 shares of Amarc Resources stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of C$0.71 per share, for a total transaction of C$49,700.00. Over the last 90 days, insiders sold 148,500 shares of company stock worth $91,395. 35.62% of the stock is owned by corporate 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.