Amarc Resources (CVE:AHR) Shares Down 21.4% – Time to Sell?

Amarc Resources Ltd. (CVE:AHR) shares traded down 21.4% during mid-day trading on Tuesday . The company traded as low as C$0.42 and last traded at C$0.44. 322,268 shares were traded during trading, a decline of 38% from the average session volume of 519,652 shares. The stock had previously closed at C$0.56.

Amarc Resources Trading Down 21.4 %

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 stock has a 50-day moving average price of C$0.51 and a 200-day moving average price of C$0.29. The stock has a market cap of C$93.15 million, a P/E ratio of -6.25 and a beta of 0.91.

Insider Buying and Selling at Amarc Resources

In other Amarc Resources news, Director Diane Samantha Nicolson sold 75,000 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of C$0.57, for a total transaction of C$42,945.00. Also, Director Terrance Barry Coughlan sold 50,000 shares of Amarc Resources stock in a transaction dated 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 a total of 148,500 shares of company stock worth $91,395 over the last three months. 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.