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

Amarc Resources Ltd. (CVE:AHR) was down 19.1% during mid-day trading on Saturday . The stock traded as low as C$0.49 and last traded at C$0.55. Approximately 769,320 shares traded hands during mid-day 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 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 simple moving average is C$0.49 and its 200 day simple moving average is C$0.28. The firm has a market cap of C$116.44 million, a P/E ratio of -6.25 and a beta of 0.91.

Insider Transactions at Amarc Resources

In other Amarc Resources news, Director Diane Samantha Nicolson sold 75,000 shares of the firm’s stock in a transaction 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 acquired 70,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were purchased at an average cost of C$0.71 per share, for a total transaction of C$49,700.00. Insiders sold a total of 148,500 shares of company stock valued at $91,395 over the last three months. 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.