AsiaBaseMetals (CVE:ABZ) Hits New 52-Week Low – What’s Next?

AsiaBaseMetals Inc. (CVE:ABZ)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as C$0.08 and last traded at C$0.07, with a volume of 45000 shares trading hands. The stock had previously closed at C$0.09.

AsiaBaseMetals Stock Performance

The company has a market capitalization of C$3.46 million, a P/E ratio of -9.00 and a beta of 0.62. The company’s fifty day simple moving average is C$0.09 and its 200-day simple moving average is C$0.10.

Insider Transactions at AsiaBaseMetals

In other news, Director Terrylene Penstock sold 350,000 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of C$0.11, for a total transaction of C$38,500.00. Over the last three months, insiders have acquired 102,000 shares of company stock valued at $9,148. Corporate insiders own 67.78% of the company’s stock.

AsiaBaseMetals Company Profile

AsiaBaseMetals Inc focuses on the exploration and development of precious and base metals properties in Canada. It explores for gold, silver, zinc copper, cobalt, and lithium deposits. The company holds 100% interest in the Gnome project consisting of 1,996 hectares located in British Columbia. AsiaBaseMetals Inc was incorporated in 2009 and is based in Vancouver, Canada.