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

Amarc Resources Ltd. (CVE:AHR)’s stock price was down 19.1% during trading on Saturday . The stock traded as low as C$0.49 and last traded at C$0.55. Approximately 769,320 shares traded hands during trading, an increase of 45% from the average daily volume of 529,368 shares. The stock had previously closed at C$0.68.

Amarc Resources Trading Down 19.1 %

The company has a quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97. The company has a market capitalization of C$116.44 million, a PE ratio of -6.25 and a beta of 0.91. The stock’s fifty day moving average price is C$0.50 and its two-hundred day moving average price is C$0.29.

Insiders Place Their Bets

In other news, Director Diane Samantha Nicolson sold 75,000 shares of the business’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 firm’s stock in a transaction 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. In the last 90 days, insiders sold 148,500 shares of company stock worth $91,395. 35.62% of the stock is currently owned by company insiders.

Amarc Resources Company Profile

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.