Asiamet Resources Limited (LON:ARS – Get Free Report)’s stock price fell 8.5% during trading on Tuesday . The stock traded as low as GBX 0.69 ($0.01) and last traded at GBX 0.69 ($0.01). 406,595 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 1,311,543 shares. The stock had previously closed at GBX 0.75 ($0.01).
Asiamet Resources Trading Up 2.6 %
The company’s 50-day moving average is GBX 0.76 and its 200-day moving average is GBX 0.75. The firm has a market cap of £19.27 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 quick ratio of 4.32 and a current ratio of 3.13.
Insider Buying and Selling
In related news, insider Matthew Doube purchased 564,222 shares of Asiamet Resources stock in a transaction that occurred on Tuesday, December 17th. The shares were acquired at an average price of GBX 1 ($0.01) per share, for a total transaction of £5,642.22 ($7,053.66). 55.63% of the stock is owned by corporate insiders.
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.
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