Amarc Resources (CVE:AHR) Shares Down 21.4% – Time to Sell?

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

Amarc Resources Stock 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 firm has a 50-day simple moving average of C$0.51 and a 200 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.

Insiders Place Their Bets

In related news, Director Terrance Barry Coughlan sold 50,000 shares of the 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. Also, Director Diane Samantha Nicolson sold 75,000 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of C$0.57, for a total transaction of C$42,945.00. In the last three months, insiders have sold 148,500 shares of company stock valued at $91,395. 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.