Amarc Resources (CVE:AHR) Stock Price Down 22.3% - Here's What Happened

Amarc Resources Ltd. (CVE:AHR - Get Free Report)'s stock price dropped 22.3% on Tuesday . The company traded as low as C$0.42 and last traded at C$0.44. Approximately 294,549 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 515,940 shares. The stock had previously closed at C$0.56.

Amarc Resources Stock Performance

The company has a market capitalization of C$97.38 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. The company has a debt-to-equity ratio of 81.97, a current ratio of 1.32 and a quick ratio of 2.44. The stock has a 50 day moving average price of C$0.52 and a two-hundred day moving average price of C$0.30.

Insider Activity

In other news, 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 cost of C$0.71 per share, for a total transaction of C$49,700.00. Also, Director Diane Samantha Nicolson sold 75,000 shares of Amarc Resources stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of C$0.57, for a total value of C$42,945.00. Over the last ninety days, insiders sold 148,500 shares of company stock worth $91,395. 35.62% of the stock is owned by corporate 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.