Amarc Resources (CVE:AHR) Trading Down 19.1% – Should You Sell?

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

Amarc Resources Stock Performance

The stock has a market cap of C$116.44 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. The company’s 50-day simple moving average is C$0.49 and its 200-day simple moving average is C$0.28. 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 Buying and Selling

In other news, Senior Officer Trevor Thomas purchased 70,000 shares of Amarc Resources 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. Also, Director Diane Samantha Nicolson sold 75,000 shares of Amarc Resources stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of C$0.57, for a total transaction of C$42,945.00. Insiders have sold 148,500 shares of company stock worth $91,395 in the last three months. 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.