Amarc Resources (CVE:AHR) Trading Down 21.4% - Here's Why

Amarc Resources Ltd. (CVE:AHR) experienced a significant drop in its share price, falling 21.4% on Tuesday. The stock reached a low of C$0.42 before closing at C$0.44, with a total trading volume of 424,152 shares. This volume is 19% lower than the average trading session, which typically sees 522,478 shares exchanged. Previously, the stock had closed at C$0.56.

Amarc Resources Stock Performance

The financial health of Amarc Resources is indicated by its debt-to-equity ratio of 81.97, a current ratio of 1.32, and a quick ratio of 2.44. Moreover, the company has a market capitalization of C$99.50 million, a price-to-earnings ratio of -6.25, and a beta value of 0.91. Its stock has a 50-day simple moving average of C$0.51 and a 200-day simple moving average of C$0.29.

Insider Buying and Selling

In recent developments, Director Terrance Barry Coughlan sold 50,000 shares of Amarc Resources on February 3rd, at an average price of C$0.64, amounting to a total of C$32,000. Conversely, Senior Officer Trevor Thomas purchased 70,000 shares on February 24th, paying an average of C$0.71 per share, which totaled C$49,700. In the last ninety days, insiders have sold 148,500 shares valued at C$91,395, indicating that approximately 35.62% of the company's stock is owned by insiders.

About Amarc Resources

Amarc Resources Ltd. is a company focused on the acquisition, exploration, and development of mineral properties throughout Canada. Its main ventures include exploring for copper, gold, silver, and molybdenum deposits. The company holds full interest in the IKE project, covering 462 square kilometers in Gold Bridge, south-central British Columbia; the DUKE project, which spans 678 square kilometers northeast of Smithers in central British Columbia; and the JOY project, located in the Toodoggone region of north-central British Columbia, covering an area of 492 square kilometers.

Should You Invest $1,000 in Amarc Resources Right Now?

Before making an investment decision regarding Amarc Resources, it’s wise to consider the insights of market analysts. Despite the current Hold rating from analysts, it is noteworthy that top-rated experts have recommended five other stocks that they believe may present better investment opportunities. It may be beneficial for investors to investigate which stocks are currently recommended as more favorable options.

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