AsiaBaseMetals (CVE:ABZ) Hits New 52-Week Low – What’s Next?

AsiaBaseMetals Inc. (CVE:ABZGet Free Report) shares reached a new 52-week low during trading on Tuesday . The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 5000 shares changing hands. The stock had previously closed at C$0.07.

AsiaBaseMetals Stock Down 20.0%

The firm has a 50-day moving average of C$0.09 and a two-hundred day moving average of C$0.11. The company has a quick ratio of 0.74, a current ratio of 0.02 and a debt-to-equity ratio of -1.46. The company has a market capitalization of C$3.01 million, a PE ratio of -13.00 and a beta of 0.52.

About AsiaBaseMetals

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AsiaBaseMetals Inc focuses on the exploration and development of precious and base metals properties in Canada. It explores for gold, silver, zinc copper, cobalt, and lithium deposits. The company holds 100% interest in the Gnome project consisting of 1,996 hectares located in British Columbia. AsiaBaseMetals Inc was incorporated in 2009 and is based in Vancouver, Canada.

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