Amarc Resources (CVE:AHR) Shares Down 19.1% – What’s Next?

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 were traded 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 company has a market cap of C$116.44 million, a P/E ratio of -6.25 and a beta of 0.91. The company has a current ratio of 1.32, a quick ratio of 2.44 and a debt-to-equity ratio of 81.97. The business has a 50 day moving average price of C$0.49 and a 200-day moving average price of C$0.28.

Insider Transactions at Amarc Resources

In related news, Senior Officer Trevor Thomas acquired 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, for a total transaction of C$49,700.00. Also, Director Diane Samantha Nicolson sold 75,000 shares of Amarc Resources stock in a transaction 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. Over the last 90 days, insiders sold 148,500 shares of company stock valued at $91,395. 35.62% of the stock is currently owned by corporate 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.