Amarc Resources (CVE:AHR) Trading Down 21.4% – Here’s What Happened

Shares of Amarc Resources Ltd. (CVE:AHR) traded down 21.4% during mid-day trading on Tuesday . The stock traded as low as C$0.42 and last traded at C$0.44. 424,152 shares changed hands during trading, a decline of 19% from the average session volume of 521,978 shares. The stock had previously closed at C$0.56.

Amarc Resources Price Performance

The company has a market cap of C$93.15 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. The company has a fifty day simple moving average of C$0.51 and a two-hundred day simple moving average of C$0.29. 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 Buying and Selling at Amarc Resources

In related news, Senior Officer Trevor Thomas acquired 70,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of C$0.71 per share, for a total transaction of C$49,700.00. Also, Director Terrance Barry Coughlan sold 50,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of C$0.64, for a total transaction of C$32,000.00. In the last three months, 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.