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

Amarc Resources Ltd. (CVE:AHR)’s stock price fell 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 traded 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 Price Performance

The firm has a market capitalization of C$116.44 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. The company’s 50 day moving average is C$0.50 and its 200-day moving average is C$0.29. The company has a current ratio of 1.32, a quick ratio of 2.44 and a debt-to-equity ratio of 81.97.

Insider Activity at Amarc Resources

In other news, 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 transaction of C$42,945.00. Also, 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 transaction of C$32,000.00. In the last ninety days, insiders sold 148,500 shares of company stock worth $91,395. 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.