Amarc Resources Ltd. (CVE:AHR - Get Free Report) dropped 21.4% 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 Price Performance
The stock 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 quick ratio of 2.44 and a current ratio of 1.32. The company has a fifty day simple moving average of C$0.53 and a two-hundred day simple moving average of C$0.30.
Insider Buying and Selling at Amarc Resources
In other news, Director Terrance Barry Coughlan sold 50,000 shares of Amarc Resources 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, Director Diane Samantha Nicolson sold 75,000 shares of Amarc Resources stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of C$0.57, for a total value of C$42,945.00. Insiders sold 148,500 shares of company stock valued at $91,395 in the last three months. Corporate insiders own 35.62% of the company's stock.
About Amarc Resources
(
Get Free Report)
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.
Further Reading
Before you consider Amarc Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amarc Resources wasn't on the list.
While Amarc Resources currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
