Amarc Resources Ltd. (CVE:AHR - Get Free Report) shares fell 22.1% during trading on Friday . The company traded as low as C$0.49 and last traded at C$0.53. 745,769 shares were traded during mid-day trading, an increase of 41% from the average session volume of 527,445 shares. The stock had previously closed at C$0.68.
The company has a debt-to-equity ratio of 81.97, a current ratio of 1.32 and a quick ratio of 2.44. The firm has a 50-day moving average of C$0.49 and a 200-day moving average of C$0.28. The stock has a market cap of C$116.44 million, a PE ratio of -6.25 and a beta of 0.91.
In related news, Director Diane Samantha Nicolson sold 75,000 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of C$0.57, for a total transaction of C$42,945.00. Also, Senior Officer Trevor Thomas bought 70,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of C$0.71 per share, with a total value of C$49,700.00. Over the last 90 days, insiders sold 148,500 shares of company stock worth $91,395. 35.62% of the stock is owned by corporate insiders.
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.
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