Amarc Resources (CVE:AHR) Shares Down 21.4% - Here's Why

Amarc Resources Ltd. (CVE:AHR - Get Free Report)'s share price dropped 21.4% during mid-day trading on Wednesday . The stock traded as low as C$0.42 and last traded at C$0.44. Approximately 424,152 shares were traded 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 company has a current ratio of 1.32, a quick ratio of 2.44 and a debt-to-equity ratio of 81.97. The stock has a 50-day simple moving average of C$0.53 and a 200 day simple moving average of C$0.30. 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.

Insiders Place Their Bets

In related 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 transaction of C$32,000.00. Also, Senior Officer Trevor Thomas bought 70,000 shares of the stock in a transaction on Monday, February 24th. The stock was purchased at an average price of C$0.71 per share, for a total transaction of C$49,700.00. Insiders sold a total of 148,500 shares of company stock worth $91,395 in the last quarter. 35.62% of the stock is currently 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.