Amarc Resources (CVE:AHR) Shares Down 19.1% – Time to Sell?

Amarc Resources Ltd. (CVE:AHR)’s stock price dropped 19.1% on Friday . The stock traded as low as C$0.49 and last traded at C$0.55. Approximately 769,320 shares were traded 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 Performance

The firm has a market capitalization of C$116.44 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. The company has a fifty day moving average of C$0.50 and a two-hundred day moving average of C$0.29. The company has a debt-to-equity ratio of 81.97, a quick ratio of 2.44 and a current ratio of 1.32.

Insider Buying and Selling

In other news, Senior Officer Trevor Thomas purchased 70,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average cost of C$0.71 per share, with a total value of C$49,700.00. Also, Director Terrance Barry Coughlan sold 50,000 shares of Amarc Resources 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 valued at $91,395. Insiders own 35.62% of the company’s stock.

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.