Asiamet Resources (LON:ARS) Shares Up 13.1% – Time to Buy?

Asiamet Resources Limited (LON:ARSGet Free Report)’s stock price rose 13.1% during trading on Thursday . The stock traded as high as GBX 1.59 and last traded at GBX 1.59. 9,216,755 shares were traded during mid-day trading, an increase of 194% from the average daily volume of 3,131,059 shares. The stock had previously closed at GBX 1.41.

Asiamet Resources Price Performance

The firm has a market capitalization of £51.93 million, a price-to-earnings ratio of -9.56 and a beta of 0.97. The firm has a 50 day moving average price of GBX 1.47 and a 200-day moving average price of GBX 1.58.

Asiamet Resources Company Profile

(Get Free Report)

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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