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

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

The firm has a market cap of C$116.44 million, a PE ratio of -6.25 and a beta of 0.91. The stock has a 50 day simple moving average of C$0.50 and a 200-day simple moving average of C$0.29. The company has a debt-to-equity ratio of 81.97, a current ratio of 1.32 and a quick ratio of 2.44.

Insider Activity at Amarc Resources

In other Amarc Resources news, Senior Officer Trevor Thomas acquired 70,000 shares of the stock in a transaction dated Monday, February 24th. The shares were acquired 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 business’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. Over the last three months, insiders have sold 148,500 shares of company stock worth $91,395. Corporate insiders own 35.62% of the company’s stock.

Amarc Resources Company Profile

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.