Asiamet Resources (LON:ARS) Stock Price Down 9.7% – What’s Next?

Asiamet Resources Limited (LON:ARS)’s stock price fell 9.7% during trading on Tuesday . The stock traded as low as GBX 0.70 ($0.01) and last traded at GBX 0.70 ($0.01). 1,673,244 shares were traded during mid-day trading, a decline of 36% from the average session volume of 2,627,223 shares. The stock had previously closed at GBX 0.78 ($0.01).

Asiamet Resources Trading Up 2.9 %

The stock has a fifty day moving average of GBX 0.71 and a 200 day moving average of GBX 0.79. The company has a debt-to-equity ratio of 1.54, a quick ratio of 4.32 and a current ratio of 3.13. The company has a market capitalization of £22.66 million, a P/E ratio of -4.67 and a beta of 1.98.

Insider Activity at Asiamet Resources

In other Asiamet Resources news, insider Matthew Doube purchased 564,222 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average price of GBX 1 ($0.01) per share, with a total value of £5,642.22 ($7,093.56). 55.63% of the stock is currently 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.