Amarc Resources (CVE:AHR) Shares Down 21.4% – Time to Sell?

Amarc Resources Ltd. (CVE:AHR) fell 21.4% during trading on Tuesday . The stock traded as low as C$0.42 and last traded at C$0.44. 424,152 shares traded hands during trading, a decline of 19% from the average session volume of 522,478 shares. The stock had previously closed at C$0.56.

Amarc Resources Price Performance

The stock has a 50 day moving average price of C$0.51 and a two-hundred day moving average price of C$0.29. The company has a quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97. The firm has a market cap of C$93.15 million, a PE ratio of -6.25 and a beta of 0.91.

Insider Buying and Selling at Amarc Resources

In other Amarc Resources news, Director Diane Samantha Nicolson sold 75,000 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of C$0.57, for a total value of C$42,945.00. Also, Senior Officer Trevor Thomas acquired 70,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were bought 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 over the last ninety days. Corporate 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.