Amarc Resources (CVE:AHR) Stock Price Down 21.4% – Here’s What Happened

Shares of Amarc Resources Ltd. (CVE:AHR) were down 21.4% during trading on Wednesday . 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 Down 21.4 %

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 company has a market cap of C$93.15 million, a P/E ratio of -6.25 and a beta of 0.91. The stock has a 50 day moving average price of C$0.51 and a 200 day moving average price of C$0.29.

Insider Transactions at Amarc Resources

In other Amarc Resources news, Senior Officer Trevor Thomas purchased 70,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were bought at an average price of C$0.71 per share, with a total value of C$49,700.00. Also, Director Terrance Barry Coughlan sold 50,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of C$0.64, for a total value of C$32,000.00. Over the last ninety days, insiders have sold 148,500 shares of company stock worth $91,395. Company 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.