Amarc Resources (CVE:AHR) Shares Down 3.8% – Should You Sell?

Amarc Resources Ltd. (CVE:AHR)’s stock price was down 3.8% on Tuesday . The company traded as low as C$0.50 and last traded at C$0.50. Approximately 38,506 shares traded hands during trading, a decline of 90% from the average daily volume of 388,429 shares. The stock had previously closed at C$0.52.

Amarc Resources Stock Down 3.0 %

The company has a current ratio of 1.32, a quick ratio of 2.44 and a debt-to-equity ratio of 81.97. The company has a market capitalization of C$102.67 million, a P/E ratio of -6.25 and a beta of 0.91. The firm’s 50 day moving average price is C$0.60 and its two-hundred day moving average price is C$0.35.

Insider Activity at Amarc Resources

In related 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 purchased at an average cost of C$0.71 per share, with a total value of C$49,700.00. Also, Director Terrance Barry Coughlan sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of C$0.64, for a total value of C$32,000.00. Over the last 90 days, insiders sold 148,500 shares of company stock valued at $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.