Amarc Resources (CVE:AHR) Shares Down 19.1% – Here’s Why

Amarc Resources Ltd. (CVE:AHR)’s stock price fell 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 Trading Down 19.1 %

The stock’s 50-day simple moving average is C$0.49 and its two-hundred day simple moving average is C$0.28. The company has a debt-to-equity ratio of 81.97, a current ratio of 1.32 and a quick ratio of 2.44. The firm has a market capitalization of C$116.44 million, a P/E ratio of -6.25 and a beta of 0.91.

Insider Activity

In other news, Director Diane Samantha Nicolson sold 75,000 shares of the company’s 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, Director Terrance Barry Coughlan sold 50,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of C$0.64, for a total transaction of C$32,000.00. Insiders have sold 148,500 shares of company stock worth $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.