Amarc Resources (CVE:AHR) Stock Price Down 21.4% – What’s Next?

Amarc Resources Ltd. (CVE:AHR)’s share price fell 21.4% on Tuesday . The company traded as low as C$0.42 and last traded at C$0.44. 380,968 shares were traded during mid-day trading, a decline of 27% from the average session volume of 521,026 shares. The stock had previously closed at C$0.56.

Amarc Resources Stock Performance

The stock has a 50 day simple moving average of C$0.51 and a two-hundred day simple moving average of C$0.29. The stock has a market capitalization of C$93.15 million, a P/E ratio of -6.25 and a beta of 0.91. The company has a quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97.

Insider Activity at Amarc Resources

In related news, Director Diane Samantha Nicolson sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of C$0.57, for a total value of C$42,945.00. Also, Senior Officer Trevor Thomas purchased 70,000 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were acquired at an average price of C$0.71 per share, with a total value of C$49,700.00. Insiders sold 148,500 shares of company stock worth $91,395 in the last ninety days. 35.62% of the stock is owned by company 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.