Amarc Resources (CVE:AHR) Trading Down 21.1% - Time to Sell?

Amarc Resources Ltd. (CVE:AHR - Get Free Report)'s stock price traded down 21.1% on Tuesday . The company traded as low as C$0.44 and last traded at C$0.44. 163,049 shares were traded during trading, a decline of 68% from the average session volume of 513,308 shares. The stock had previously closed at C$0.56.

Amarc Resources Stock Performance

The firm has a market capitalization of C$97.38 million, a P/E ratio of -6.25 and a beta of 0.91. The company has a current ratio of 1.32, a quick ratio of 2.44 and a debt-to-equity ratio of 81.97. The business's 50 day simple moving average is C$0.52 and its two-hundred day simple moving average is C$0.30.

Insider Buying and Selling at Amarc Resources

In other Amarc Resources news, Director Diane Samantha Nicolson sold 75,000 shares of the firm's 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 Amarc Resources 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. In 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.

About Amarc Resources

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.