Insider Selling: Amarc Resources (CVE:AHR) Director Sells 24,000 Shares of Stock

Key Points

• Director Terrance Barry Coughlan sold 24,000 shares of Amarc on May 1 at an average price of C$0.92 for C$22,080, cutting his holding by 34.33% to 45,901 shares valued at C$42,228.92.
• AHR traded C$0.95 midday with a 50-day/200-day SMA of C$1.02/C$1.16, a 52-week range of C$0.53–C$1.52, a market cap of C$214.06 million and a negative PE of -95, reflecting volatility and weak profitability.
• Amarc Resources is a Canadian mineral explorer focused on copper, gold, silver and molybdenum with principal projects IKE, DUKE and JOY located in British Columbia.

Amarc Resources Ltd. (CVE:AHR - Get Free Report) Director Terrance Barry Coughlan sold 24,000 shares of Amarc Resources stock in a transaction on Friday, May 1st. The stock was sold at an average price of C$0.92, for a total transaction of C$22,080.00. Following the sale, the director owned 45,901 shares of the company's stock, valued at C$42,228.92. The trade was a 34.33% decrease in their ownership of the stock.

Terrance Barry Coughlan also recently made the following trade(s):

• On Friday, May 1st, Terrance Barry Coughlan sold 1,000 shares of Amarc Resources stock. The shares were sold at an average price of C$0.92, for a total transaction of C$920.00.

Amarc Resources Stock Performance

AHR stock traded up C$0.01 during midday trading on Wednesday, reaching C$0.95. The stock had a trading volume of 31,533 shares, compared to its average volume of 256,154. The firm has a fifty day simple moving average of C$1.02 and a two-hundred day simple moving average of C$1.16. Amarc Resources Ltd. has a 52-week low of C$0.53 and a 52-week high of C$1.52. The company has a debt-to-equity ratio of 81.97, a quick ratio of 2.44 and a current ratio of 1.32. The stock has a market cap of C$214.06 million, a PE ratio of -95.00 and a beta of 2.17.

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.

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