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

Amarc Resources Ltd. (CVE:AHR)’s stock price 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 Price Performance

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

Insider Activity

In other news, Director Terrance Barry Coughlan sold 50,000 shares of Amarc Resources 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 transaction of C$32,000.00. Also, Director Diane Samantha Nicolson sold 75,000 shares of the 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. Insiders have sold 148,500 shares of company stock valued at $91,395 in the last ninety days. Insiders own 35.62% of the company’s stock.

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.