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

Shares of Amarc Resources Ltd. (CVE:AHR) dropped 19.1% during mid-day trading on Saturday . The company traded as low as C$0.49 and last traded at C$0.55. Approximately 769,320 shares traded 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 Performance

The company has a market cap of C$116.44 million, a P/E ratio of -6.25 and a beta of 0.91. The company has a quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97. The company has a 50 day moving average price of C$0.49 and a 200-day moving average price of C$0.28.

Insider Activity at Amarc Resources

In related news, Director Diane Samantha Nicolson sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of C$0.57, for a total transaction of C$42,945.00. Also, Senior Officer Trevor Thomas purchased 70,000 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were purchased at an average cost of C$0.71 per share, with a total value of C$49,700.00. Insiders sold 148,500 shares of company stock worth $91,395 in the last 90 days. 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.