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

Shares of Amarc Resources Ltd. (CVE:AHR - Get Free Report) dropped 21.4% during trading on Wednesday . The stock traded as low as C$0.42 and last traded at C$0.44. Approximately 424,152 shares traded hands 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 Performance

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 firm has a market capitalization of C$97.38 million, a PE ratio of -6.25 and a beta of 0.91. The stock's 50 day moving average price is C$0.53 and its two-hundred day moving average price is C$0.30.

Insider Buying and Selling at Amarc Resources

In other news, Senior Officer Trevor Thomas purchased 70,000 shares of the stock in a transaction dated 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. Also, Director Diane Samantha Nicolson sold 75,000 shares of the company's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of C$0.57, for a total transaction of C$42,945.00. In the last 90 days, insiders have sold 148,500 shares of company stock worth $91,395. 35.62% of the stock is owned by 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.