Asiamet Resources (LON:ARS) Shares Down 12.1% – Here’s Why

Asiamet Resources Limited (LON:ARSGet Free Report)’s stock price traded down 12.1% during mid-day trading on Thursday . The stock traded as low as GBX 0.90 ($0.01) and last traded at GBX 0.90 ($0.01). 2,665,960 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 2,125,588 shares. The stock had previously closed at GBX 1.03 ($0.01).

Asiamet Resources Stock Down 12.1%

The firm has a 50 day moving average of GBX 0.91 and a 200-day moving average of GBX 0.83. The company has a market cap of £33.51 million, a P/E ratio of -5.44 and a beta of 1.98.

About Asiamet Resources

(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.

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