Amarc Resources Ltd. (CVE:AHR - Get Free Report)'s stock price traded down 21.4% during trading on Wednesday . The company traded as low as C$0.42 and last traded at C$0.44. 424,152 shares were traded during mid-day trading, a decline of 19% from the average session volume of 522,478 shares. The stock had previously closed at C$0.56.
Amarc Resources Stock Performance
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 firm has a market cap of C$97.38 million, a P/E ratio of -6.25 and a beta of 0.91. The business's 50-day simple moving average is C$0.52 and its 200 day simple moving average is C$0.30.
Insiders Place Their Bets
In other news, Director Terrance Barry Coughlan sold 50,000 shares of the company's 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, Senior Officer Trevor Thomas acquired 70,000 shares of Amarc Resources stock in a transaction dated Monday, February 24th. The stock was bought at an average price of C$0.71 per share, with a total value of C$49,700.00. In the last quarter, insiders sold 148,500 shares of company stock valued at $91,395. Company 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.
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