Asiamet Resources (LON:ARS) Trading Down 1.4% – Time to Sell?

Asiamet Resources Limited (LON:ARS) fell 1.4% during mid-day trading on Thursday . The stock traded as low as GBX 1.66 and last traded at GBX 1.70. 2,555,783 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 4,327,593 shares. The stock had previously closed at GBX 1.73.

Asiamet Resources Price Performance

The company’s fifty day moving average price is GBX 1.65 and its 200 day moving average price is GBX 1.25. The company has a market cap of £58.37 million, a PE ratio of -9.05 and a beta of 1.98.

Insider Activity

In related news, insider Tony Manini sold 14,709,577 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of GBX 2, for a total transaction of £294,191.54. Also, insider Eva Armila Djauhari purchased 7,911,115 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were acquired at an average price of GBX 2 per share, for a total transaction of £158,222.30. Company insiders own 13.00% 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. 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.