Amarc Resources (CVE:AHR) Stock Price Down 19.1% – Here’s What Happened

Amarc Resources Ltd. (CVE:AHR)’s stock price traded down 19.1% during mid-day trading on Saturday . The stock traded as low as C$0.49 and last traded at C$0.55. 769,320 shares changed hands during mid-day trading, an increase of 45% from the average session volume of 529,368 shares. The stock had previously closed at C$0.68.

Amarc Resources Stock Down 19.1 %

The stock has a market cap of C$116.44 million, a P/E ratio of -6.25 and a beta of 0.91. The firm has a 50 day simple moving average of C$0.50 and a 200-day simple moving average of C$0.29. The company has a quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97.

Insider Activity at Amarc Resources

In other news, Director Terrance Barry Coughlan sold 50,000 shares of the 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 transaction of C$32,000.00. Also, Senior Officer Trevor Thomas purchased 70,000 shares of the company’s stock in a transaction that occurred on 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. In the last quarter, insiders have sold 148,500 shares of company stock worth $91,395. Company insiders own 35.62% of the company’s stock.

About Amarc Resources

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.