Amarc Resources (CVE:AHR) Stock Price Down 21.4% – What’s Next?

Amarc Resources Ltd. (CVE:AHR)’s stock price dropped 21.4% on Tuesday . The company traded as low as C$0.42 and last traded at C$0.44. Approximately 424,152 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 521,978 shares. The stock had previously closed at C$0.56.

Amarc Resources Stock Down 21.4 %

The business’s 50-day moving average is C$0.51 and its two-hundred day moving average is C$0.29. The firm has a market capitalization of C$93.15 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. 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 other news, Director Terrance Barry Coughlan sold 50,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of C$0.64, for a total transaction of C$32,000.00. Also, Senior Officer Trevor Thomas acquired 70,000 shares of the business’s stock in a transaction dated 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. Over the last three months, insiders have sold 148,500 shares of company stock worth $91,395. Company 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.