Amarc Resources (CVE:AHR) Stock Price Down 19.1% – Should You Sell?

Amarc Resources Ltd. (CVE:AHR) dropped 19.1% during trading on Saturday . The company traded as low as C$0.49 and last traded at C$0.55. Approximately 769,320 shares changed 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 Stock Down 19.1 %

The company has a market capitalization of C$116.44 million, a P/E 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. The stock 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, Director Terrance Barry Coughlan sold 50,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of C$0.64, for a total value of C$32,000.00. Also, Senior Officer Trevor Thomas acquired 70,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of C$0.71 per share, for a total transaction of C$49,700.00. Insiders have sold 148,500 shares of company stock worth $91,395 in the last ninety days. Company insiders own 35.62% of the company’s stock.

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.