Amarc Resources (CVE:AHR) Shares Down 19.1% – Should You Sell?

Amarc Resources Ltd. (CVE:AHR)’s stock price fell 19.1% during mid-day trading 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 company has a debt-to-equity ratio of 81.97, a quick ratio of 2.44 and a current ratio of 1.32. The business has a 50-day simple moving average of C$0.50 and a 200 day simple moving average of C$0.29. The firm has a market cap of C$116.44 million, a P/E ratio of -6.25 and a beta of 0.91.

Insider Activity at Amarc Resources

In other Amarc Resources news, Director Diane Samantha Nicolson sold 75,000 shares of Amarc Resources 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 transaction of C$42,945.00. Also, Senior Officer Trevor Thomas bought 70,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of C$0.71 per share, with a total value of C$49,700.00. Insiders sold a total of 148,500 shares of company stock worth $91,395 over the last quarter. 35.62% of the stock is 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.