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

Amarc Resources Ltd. (CVE:AHR - Get Free Report)'s share price 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 Stock Up 8.2 %

The stock has a market cap of C$97.38 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. 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 stock has a fifty day moving average of C$0.53 and a two-hundred day moving average of C$0.30.

Insider Activity

In related news, Director Terrance Barry Coughlan sold 50,000 shares of the 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. Also, Senior Officer Trevor Thomas acquired 70,000 shares of Amarc Resources stock in a transaction on Monday, February 24th. The shares were bought 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 valued at $91,395 in the last three months. Corporate 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.