Asiamet Resources (LON:ARS) Shares Cross Below 50-Day Moving Average – Time to Sell?

Asiamet Resources Limited (LON:ARSGet Free Report)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 0.74 ($0.01) and traded as low as GBX 0.72 ($0.01). Asiamet Resources shares last traded at GBX 0.72 ($0.01), with a volume of 224,328 shares changing hands.

Asiamet Resources Price Performance

The company has a current ratio of 3.13, a quick ratio of 4.32 and a debt-to-equity ratio of 1.54. The firm’s 50-day moving average price is GBX 0.74 and its two-hundred day moving average price is GBX 0.90. The stock has a market cap of £19.53 million, a PE ratio of -4.67 and a beta of 1.98.

Asiamet Resources Company Profile

(Get Free Report)

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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