Asiamet Resources (LON:ARS) Stock Price Up 4.2% – Still a Buy?

Shares of Asiamet Resources Limited (LON:ARS) shot up 4.2% during mid-day trading on Tuesday. The company traded as high as GBX 0.25 and last traded at GBX 0.25. 5,000,080 shares were traded during trading, a decline of 21% from the average session volume of 6,309,416 shares. The stock had previously closed at GBX 0.24.

Asiamet Resources Stock Performance

The business has a 50 day simple moving average of GBX 0.51 and a 200-day simple moving average of GBX 1.29. The firm has a market cap of £8.68 million, a price-to-earnings ratio of -1.79 and a beta of 0.93.

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.