Amarc Resources (CVE:AHR) Trading Down 19.1% – Here’s What Happened

Amarc Resources Ltd. (CVE:AHR) shares traded down 19.1% during trading on Saturday . The company traded as low as C$0.49 and last traded at C$0.55. 769,320 shares changed hands during trading, an increase of 45% from the average session volume of 529,368 shares. The stock had previously closed at C$0.68.

Amarc Resources Stock Performance

The stock has a fifty day simple moving average of C$0.50 and a two-hundred day simple moving average of C$0.29. 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 has a market capitalization of C$116.44 million, a price-to-earnings ratio of -6.25 and a beta of 0.91.

Insider Buying and Selling

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