Amarc Resources (CVE:AHR) Stock Price Down 21.4% - Here's Why

Amarc Resources Ltd. (CVE:AHR - Get Free Report)'s stock price was down 21.4% on Wednesday . The company traded as low as C$0.42 and last traded at C$0.44. Approximately 424,152 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 522,478 shares. The stock had previously closed at C$0.56.

Amarc Resources Stock Up 8.2 %

The stock's 50-day moving average price is C$0.52 and its two-hundred day moving average price is C$0.30. The stock has a market capitalization of C$97.38 million, a PE 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.

Insider Transactions at Amarc Resources

In related news, Director Diane Samantha Nicolson sold 75,000 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of C$0.57, for a total transaction of C$42,945.00. Also, Senior Officer Trevor Thomas acquired 70,000 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average cost of C$0.71 per share, for a total transaction of C$49,700.00. Insiders have sold 148,500 shares of company stock valued at $91,395 in the last three months. 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.