Amarc Resources (CVE:AHR) Stock Decline of 21.4% - Sell or Hold?

On Tuesday, shares of Amarc Resources Ltd. (CVE:AHR) experienced a significant decline, falling by 21.4%. The stock hit a low of C$0.42 during trading, ultimately closing at C$0.44. This drop was noted in a session where approximately 424,152 shares were traded, reflecting a decrease of 19% from the average daily volume of 521,978 shares. The stock had previously finished at C$0.56.

Amarc Resources Overview

Amarc Resources holds a market capitalization of C$96.32 million. The company has a price-to-earnings ratio of -6.25, indicating it is currently unprofitable. The stock has a beta of 0.91, suggesting that it is slightly less volatile than the market. Its fifty-day moving average stands at C$0.51, whereas the two-hundred-day moving average is C$0.29. Furthermore, the company reports a debt-to-equity ratio of 81.97, a quick ratio of 2.44, and a current ratio of 1.32, pointing to its liquidity position.

Insider Trading Activity

In recent insider activity, Senior Officer Trevor Thomas purchased 70,000 shares on February 24 at an average price of C$0.71, amounting to a total investment of C$49,700. Conversely, on January 23, Director Diane Samantha Nicolson sold 75,000 shares at an average price of C$0.57, totaling C$42,945. Across the last quarter, insiders collectively sold 148,500 shares of company stock valued at $91,395. Notably, insiders currently own 35.62% of Amarc Resources.

Company Profile

Amarc Resources Ltd. is engaged in the acquisition, exploration, and development of mineral properties across Canada. The company focuses on deposits of copper, gold, silver, and molybdenum. It owns a 100% interest in several projects, including the IKE project in Gold Bridge, British Columbia (covering 462 square kilometers), the DUKE project near Smithers, British Columbia (678 square kilometers), and the JOY project in the Toodoggone region of north-central British Columbia (492 square kilometers).

Analyst Opinions

As it stands, analysts have assigned Amarc Resources a Hold rating. However, MarketBeat has identified five stocks that its top analysts suggest are better investment opportunities than Amarc Resources. Investors may want to consider these options before making a decision to invest in Amarc Resources.

Before making any investment decisions regarding Amarc Resources, investors should conduct thorough research and consider these analyst sentiments.

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