Amarc Resources (CVE:AHR) Trading Down 21.4% - Here's What Happened

Amarc Resources Ltd. (CVE:AHR - Get Free Report) fell 21.4% on Wednesday . The stock traded as low as C$0.42 and last traded at C$0.44. 424,152 shares changed hands 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 Price Performance

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 company has a market cap of C$97.38 million, a PE ratio of -6.25 and a beta of 0.91. The company has a 50-day moving average price of C$0.53 and a two-hundred day moving average price of C$0.30.

Insiders Place Their Bets

In other news, Director Terrance Barry Coughlan sold 50,000 shares of the firm's stock in a transaction dated 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 purchased 70,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was acquired 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 90 days. 35.62% of the stock is owned by company 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.