Amarc Resources (CVE:AHR) Stock Price Down 21.4% - Should You Sell?

Amarc Resources Ltd. (CVE:AHR - Get Free Report) traded down 21.4% during trading on Wednesday . The stock 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 Trading Up 8.2 %

The company has a 50 day moving average of C$0.53 and a 200 day moving average of C$0.30. 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.

Insider Buying and Selling

In related news, Director Terrance Barry Coughlan sold 50,000 shares of the business's stock in a transaction that occurred 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 purchased 70,000 shares of the business's stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of C$0.71 per share, with a total value of C$49,700.00. In the last ninety days, insiders sold 148,500 shares of company stock worth $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.