Amarc Resources (CVE:AHR) Shares Down 21.4% - Time to Sell?

Amarc Resources Ltd. (CVE:AHR - Get Free Report)'s stock price dropped 21.4% during mid-day trading on Tuesday . The company traded as low as C$0.42 and last traded at C$0.44. Approximately 424,152 shares changed 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 cap of C$97.38 million, a P/E ratio of -6.25 and a beta of 0.91. The company has a debt-to-equity ratio of 81.97, a current ratio of 1.32 and a quick ratio of 2.44. The business's fifty day moving average price is C$0.52 and its 200 day moving average price is C$0.30.

Insiders Place Their Bets

In other news, Senior Officer Trevor Thomas purchased 70,000 shares of the business's stock in a transaction dated Monday, February 24th. The shares were purchased at an average cost of C$0.71 per share, with a total value 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 value of C$42,945.00. Over the last quarter, insiders have sold 148,500 shares of company stock valued at $91,395. 35.62% of the stock is currently owned by insiders.

Amarc Resources Company Profile

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.