Shares of Asiamet Resources Limited (LON:ARS – Get Free Report) passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of GBX 1.13 and traded as low as GBX 0.29. Asiamet Resources shares last traded at GBX 0.29, with a volume of 1,914,863 shares changing hands.
Asiamet Resources Stock Down 1.7%
The firm has a market capitalization of £10.07 million, a PE ratio of -2.07 and a beta of 0.93. The firm’s 50-day moving average price is GBX 1.13 and its two-hundred day moving average price is GBX 1.36.
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. 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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