Asiamet Resources (LON:ARS) Shares Pass Below Fifty Day Moving Average – Here’s Why

Asiamet Resources Limited (LON:ARS)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 0.77 ($0.01) and traded as low as GBX 0.77 ($0.01). Asiamet Resources shares last traded at GBX 0.77 ($0.01), with a volume of 4,820,475 shares traded.

Asiamet Resources Stock Performance

The firm has a market capitalization of £19.89 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 firm has a 50 day moving average price of GBX 0.77 and a 200-day moving average price of GBX 0.75.

Insider Buying and Selling at Asiamet Resources

In other news, insider Matthew Doube acquired 564,222 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of GBX 1 ($0.01) per share, with a total value of £5,642.22 ($7,022.93). 55.63% of the stock is owned by corporate 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.