Shares of Amarc Resources Ltd. (CVE:AHR - Get Free Report) were down 21.4% on Wednesday . The company traded as low as C$0.42 and last traded at C$0.44. Approximately 424,152 shares traded hands during 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 Price Performance
The firm has a market cap 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 has a 50-day moving average of C$0.53 and a two-hundred day moving average of C$0.30.
Insider Buying and Selling at Amarc Resources
In related news, Senior Officer Trevor Thomas purchased 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, for a total transaction of C$49,700.00. Also, Director Terrance Barry Coughlan sold 50,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of C$0.64, for a total value of C$32,000.00. In the last quarter, insiders have sold 148,500 shares of company stock worth $91,395. Insiders own 35.62% of the company's stock.
About Amarc Resources
(
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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.
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