Asiamet Resources (LON:ARS) Shares Up 9.7% on Insider Buying Activity

Asiamet Resources Limited (LON:ARS) shares rose 9.7% on Wednesday following insider buying activity. The stock traded as high as GBX 0.85 ($0.01) and last traded at GBX 0.85 ($0.01). 5,421,536 shares traded hands during mid-day trading, an increase of 105% from the average session volume of 2,642,522 shares. The stock had previously closed at GBX 0.78 ($0.01).

Specifically, insider Matthew Doube purchased 564,222 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost of GBX 1 ($0.01) per share, with a total value of £5,642.22 ($7,051.89).

Asiamet Resources Stock Up 11.8 %

The firm has a market capitalization of £24.61 million, a P/E ratio of -4.67 and a beta of 1.98. The company has a fifty day simple moving average of GBX 0.71 and a 200 day simple moving average of GBX 0.79. The company has a quick ratio of 4.32, a current ratio of 3.13 and a debt-to-equity ratio of 1.54.

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.