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

Shares of Amarc Resources Ltd. (CVE:AHR) fell 19.1% on Saturday . The company traded as low as C$0.49 and last traded at C$0.55. 769,320 shares traded 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 Price Performance

The business 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 current ratio of 1.32, a quick ratio of 2.44 and a debt-to-equity ratio of 81.97. The stock has a market cap of C$116.44 million, a PE ratio of -6.25 and a beta of 0.91.

Insider Transactions at Amarc Resources

In related news, Director Diane Samantha Nicolson sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of C$0.57, for a total value of C$42,945.00. Also, Senior Officer Trevor Thomas purchased 70,000 shares of the stock in a transaction dated 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 have sold a total of 148,500 shares of company stock valued at $91,395 in the last ninety days. 35.62% of the stock is currently owned by corporate 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.