Asiamet Resources Limited (LON:ARS – Get Free Report) insider Tony Manini sold 5,613,984 shares of Asiamet Resources stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of GBX 1, for a total value of £56,139.84.
Asiamet Resources Stock Down 6.8%
ARS stock traded down GBX 0.12 during midday trading on Wednesday, hitting GBX 1.58. The company’s stock had a trading volume of 8,819,370 shares, compared to its average volume of 2,950,119. Asiamet Resources Limited has a 12 month low of GBX 0.50 and a 12 month high of GBX 2.24. The company has a 50 day moving average of GBX 1.09 and a two-hundred day moving average of GBX 1. The firm has a market capitalization of £51.39 million, a price-to-earnings ratio of -8.34 and a beta of 1.98.
Wall Street Analysts Forecast Growth
Separately, Shore Capital reiterated a “house stock” rating on shares of Asiamet Resources in a research note on Monday, August 11th.
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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