Asiamet Resources Limited (LON:ARS – Get Free Report) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 1.50 and traded as high as GBX 1.52. Asiamet Resources shares last traded at GBX 1.48, with a volume of 5,192,146 shares trading hands.
Asiamet Resources Stock Performance
The firm’s 50 day moving average price is GBX 1.50 and its two-hundred day moving average price is GBX 1.56. The company has a market capitalization of £50.06 million, a price-to-earnings ratio of -9.22 and a beta of 0.96.
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. 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.
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