Shares of Amarc Resources Ltd. (CVE:AHR - Get Free Report) traded down 21.4% during mid-day trading on Tuesday . The stock traded as low as C$0.42 and last traded at C$0.44. 424,152 shares changed hands during trading, a decline of 19% from the average session volume of 521,978 shares. The stock had previously closed at C$0.56.
The company has a market cap of C$93.15 million, a price-to-earnings ratio of -6.25 and a beta of 0.91. The company has a fifty day simple moving average of C$0.51 and a two-hundred day simple moving average of C$0.29. The company has a quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97.
In related news, Senior Officer Trevor Thomas acquired 70,000 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of C$0.71 per share, for a total transaction of C$49,700.00. Also, Director Terrance Barry Coughlan sold 50,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of C$0.64, for a total transaction of C$32,000.00. In the last three months, 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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Amarc Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amarc Resources wasn't on the list.
While Amarc Resources currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.