Amarc Resources (CVE:AHR) Stock Price Down 19.1% - Here's What Happened

Amarc Resources Ltd. (CVE:AHR - Get Free Report)'s share price fell 19.1% during trading on Saturday . The stock traded as low as C$0.49 and last traded at C$0.55. 769,320 shares traded hands during mid-day trading, an increase of 45% from the average session volume of 529,368 shares. The stock had previously closed at C$0.68.

Amarc Resources Trading Up 6.8 %

The company has a 50 day moving average of C$0.51 and a 200-day moving average of C$0.29. 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 market cap of C$99.50 million, a price-to-earnings ratio of -6.25 and a beta of 0.91.

Insider Buying and Selling

In related news, Director Terrance Barry Coughlan sold 50,000 shares of the company'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. Also, Senior Officer Trevor Thomas purchased 70,000 shares of the company's stock in a transaction on Monday, February 24th. The shares were purchased at an average price of C$0.71 per share, with a total value of C$49,700.00. Insiders have sold 148,500 shares of company stock worth $91,395 in the last quarter. 35.62% of the stock is owned by 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.