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

Amarc Resources Ltd. (CVE:AHR) shares traded down 21.4% on Wednesday . The company traded as low as C$0.42 and last traded at C$0.44. 424,152 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 522,478 shares. The stock had previously closed at C$0.56.

Amarc Resources Trading Down 9.6 %

The stock has a market capitalization of C$89.97 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 stock’s fifty day moving average price is C$0.52 and its two-hundred day moving average price is C$0.30.

Insider Buying and Selling at Amarc Resources

In related news, Director Terrance Barry Coughlan sold 50,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were 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 that occurred on Monday, February 24th. The shares were purchased at an average cost of C$0.71 per share, for a total transaction of C$49,700.00. In the last ninety days, insiders have sold 148,500 shares of company stock valued at $91,395. 35.62% of the stock is currently owned by company 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.