Asiamet Resources Limited (LON:ARS – Get Free Report) shares traded down 8.5% during mid-day trading on Tuesday . The stock traded as low as GBX 0.69 ($0.01) and last traded at GBX 0.69 ($0.01). 406,595 shares were traded during mid-day trading, a decline of 69% from the average session volume of 1,311,543 shares. The stock had previously closed at GBX 0.75 ($0.01).
Asiamet Resources Trading Down 8.5 %
The company has a market cap of £17.77 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 current ratio of 3.13 and a quick ratio of 4.32. The business has a 50 day simple moving average of GBX 0.75 and a 200 day simple moving average of GBX 0.76.
Insider Activity
In other news, insider Matthew Doube acquired 564,222 shares of Asiamet Resources stock in a transaction that occurred on Tuesday, December 17th. The shares were acquired at an average price of GBX 1 ($0.01) per share, with a total value of £5,642.22 ($7,019.43). 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.
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