Amarc Resources (CVE:AHR) Stock Price Down 21.4% – Should You Sell?

Shares of Amarc Resources Ltd. (CVE:AHR) were down 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 521,978 shares. The stock had previously closed at C$0.56.

Amarc Resources Price Performance

The stock has a market cap of C$93.15 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. The company 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 current ratio of 1.32, a quick ratio of 2.44 and a debt-to-equity ratio of 81.97.

Insider Activity at Amarc Resources

In related news, Senior Officer Trevor Thomas bought 70,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of C$0.71 per share, for a total transaction of C$49,700.00. Also, Director Diane Samantha Nicolson sold 75,000 shares of the 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. In the last quarter, insiders have sold 148,500 shares of company stock valued at $91,395. 35.62% of the stock is owned by insiders.

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.