Asiamet Resources Limited (LON:ARS – Get Free Report)’s stock price shot up 16.1% during trading on Thursday . The company traded as high as GBX 0.90 ($0.01) and last traded at GBX 0.90 ($0.01). 4,065,727 shares changed hands during mid-day trading, an increase of 145% from the average session volume of 1,657,849 shares. The stock had previously closed at GBX 0.78 ($0.01).
Asiamet Resources Price Performance
The stock’s 50 day moving average price is GBX 0.76 and its two-hundred day moving average price is GBX 0.74. The firm has a market capitalization of £31.62 million, a price-to-earnings ratio of -5.13 and a beta of 1.98.
Insiders Place Their Bets
In other Asiamet Resources news, insider Matthew Doube purchased 564,222 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was bought at an average cost of GBX 1 ($0.01) per share, for a total transaction of £5,642.22 ($7,317.11). Company insiders own 55.63% of the company’s stock.
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.
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