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

Amarc Resources Ltd. (CVE:AHR)’s stock price traded down 19.1% on Saturday . The stock 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 Price Performance

The stock has a market cap of C$116.44 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. The company has a 50-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.

Insiders Place Their Bets

In related news, Senior Officer Trevor Thomas purchased 70,000 shares of the stock in a transaction on Monday, February 24th. The shares were purchased at an average price of C$0.71 per share, with a total value of C$49,700.00. Also, Director Terrance Barry Coughlan sold 50,000 shares of the business’s stock in a transaction that occurred 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. Insiders have sold 148,500 shares of company stock valued at $91,395 in the last 90 days. 35.62% of the stock is currently owned by 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.