Asiamet Resources Limited (LON:ARS – Get Free Report)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 1.48 and traded as high as GBX 1.50. Asiamet Resources shares last traded at GBX 1.50, with a volume of 4,461,242 shares changing hands.
Asiamet Resources Trading Up 2.7%
The company has a debt-to-equity ratio of 6.09, a current ratio of 4.36 and a quick ratio of 4.32. The stock has a market capitalization of £50.91 million, a price-to-earnings ratio of -7.89 and a beta of 0.97. The business has a 50 day simple moving average of GBX 1.48 and a 200-day simple moving average of GBX 1.59.
About Asiamet Resources
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. The company was formerly known as Kalimantan Gold Corporation Limited and changed its name to Asiamet Resources Limited in July 2015. The company was incorporated in 2017 and is headquartered in Jakarta, Indonesia.
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