Asiamet Resources (LON:ARS) Stock Passes Above 50-Day Moving Average – Should You Sell?

Asiamet Resources Limited (LON:ARS)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 1.70 and traded as high as GBX 1.70. Asiamet Resources shares last traded at GBX 1.68, with a volume of 5,176,144 shares traded.

Asiamet Resources Trading Up 0.5%

The stock’s 50 day moving average price is GBX 1.70 and its 200 day moving average price is GBX 1.34. The company has a market cap of £57.12 million, a price-to-earnings ratio of -8.86 and a beta of 1.98.

Insider Buying and Selling

In other Asiamet Resources news, insider Eva Armila Djauhari bought 7,911,115 shares of Asiamet Resources 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. Also, insider Tony Manini sold 14,709,577 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of GBX 2, for a total value of £294,191.54. Insiders own 13.45% of the company’s stock.

About Asiamet Resources

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.