Amarc Resources (CVE:AHR) Trading Down 21.4% – Should You Sell?

Amarc Resources Ltd. (CVE:AHR) shares fell 21.4% on Wednesday . The stock traded as low as C$0.42 and last traded at C$0.44. 424,152 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 522,478 shares. The stock had previously closed at C$0.56.

Amarc Resources Trading Down 9.6 %

The company has a fifty day moving average of C$0.52 and a two-hundred day moving average of C$0.30. The company has a current ratio of 1.32, a quick ratio of 2.44 and a debt-to-equity ratio of 81.97. The stock has a market capitalization of C$89.97 million, a price-to-earnings ratio of -6.25 and a beta of 0.91.

Insider Buying and Selling

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