Amarc Resources (CVE:AHR) Trading Down 3.8% – What’s Next?

Shares of Amarc Resources Ltd. (CVE:AHR) were down 3.8% during mid-day trading on Tuesday . The stock traded as low as C$0.50 and last traded at C$0.50. Approximately 38,506 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 388,429 shares. The stock had previously closed at C$0.52.

Amarc Resources Stock Performance

The firm has a market cap of C$102.67 million, a P/E ratio of -6.25 and a beta of 0.91. The company has a debt-to-equity ratio of 81.97, a quick ratio of 2.44 and a current ratio of 1.32. The stock’s 50-day moving average is C$0.60 and its 200 day moving average is C$0.35.

Insiders Place Their Bets

In other news, Director Diane Samantha Nicolson sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of C$0.57, for a total value of C$42,945.00. Also, Director Terrance Barry Coughlan sold 50,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of C$0.64, for a total transaction of C$32,000.00. Insiders sold 148,500 shares of company stock worth $91,395 over the last ninety days. 35.62% of the stock is currently owned by corporate insiders.

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.