Amarc Resources (CVE:AHR) Shares Down 3.8% – Should You Sell?

Amarc Resources Ltd. (CVE:AHR) shares fell 3.8% during mid-day trading on Tuesday . The stock traded as low as C$0.50 and last traded at C$0.50. 38,506 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 388,429 shares. The stock had previously closed at C$0.52.

Amarc Resources Price Performance

The firm has a market capitalization of C$105.85 million, a P/E ratio of -6.25 and a beta of 0.91. The stock’s fifty day simple moving average is C$0.60 and its 200 day simple moving average is C$0.35. The company has a debt-to-equity ratio of 81.97, a current ratio of 1.32 and a quick ratio of 2.44.

Insider Transactions at Amarc Resources

In other news, Director Terrance Barry Coughlan sold 50,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of C$0.64, for a total value of C$32,000.00. Also, Senior Officer Trevor Thomas bought 70,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price 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 90 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.