Amarc Resources (CVE:AHR) Trading Down 22.3% - Here's What Happened

Amarc Resources Ltd. (CVE:AHR - Get Free Report)'s stock price dropped 22.3% during mid-day trading on Tuesday . The stock traded as low as C$0.42 and last traded at C$0.44. Approximately 294,549 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 515,940 shares. The stock had previously closed at C$0.56.

Amarc Resources Trading Up 8.2 %

The firm has a fifty day simple moving average of C$0.52 and a 200-day simple moving average of C$0.30. 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 company has a debt-to-equity ratio of 81.97, a current ratio of 1.32 and a quick ratio of 2.44.

Insiders Place Their Bets

In other news, Director Terrance Barry Coughlan sold 50,000 shares of the firm'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, Director Diane Samantha Nicolson sold 75,000 shares of the firm'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 worth $91,395. Corporate insiders own 35.62% of the company's stock.

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.