Asiamet Resources (LON:ARS) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Asiamet Resources Limited (LON:ARS) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 0.74 ($0.01) and traded as low as GBX 0.73 ($0.01). Asiamet Resources shares last traded at GBX 0.73 ($0.01), with a volume of 4,737,103 shares changing hands.

Asiamet Resources Stock Down 3.2 %

The firm has a 50-day moving average price of GBX 0.74 and a two-hundred day moving average price of GBX 0.76. The firm has a market cap of £18.80 million, a price-to-earnings ratio of -4.67 and a beta of 1.98. The company has a debt-to-equity ratio of 1.54, a quick ratio of 4.32 and a current ratio of 3.13.

Insider Buying and Selling at Asiamet Resources

In related news, insider Matthew Doube acquired 564,222 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was bought at an average price of GBX 1 ($0.01) per share, for a total transaction of £5,642.22 ($7,020.31). 55.63% of the stock is currently owned by insiders.

Asiamet Resources Company Profile

Asiamet Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Indonesia. The company explores for copper, gold, zinc, lead, and silver deposits. Its flagship project is the BKM copper project, which covers an area of 390 square kilometers located in Kalimantan.