Asiamet Resources (LON:ARS) Trading 10.4% Higher – Should You Buy?

Asiamet Resources Limited (LON:ARSGet Free Report)’s share price shot up 10.4% during trading on Thursday . The company traded as high as GBX 1.70 and last traded at GBX 1.70. 646,593 shares were traded during mid-day trading, a decline of 81% from the average session volume of 3,427,679 shares. The stock had previously closed at GBX 1.54.

Asiamet Resources Stock Performance

The stock has a market cap of £57.69 million, a PE ratio of -8.95 and a beta of 1.98. The firm’s 50-day moving average is GBX 1.70 and its 200 day moving average is GBX 1.43. The company has a debt-to-equity ratio of 6.09, a quick ratio of 4.32 and a current ratio of 4.36.

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.

Featured Articles

Receive News & Ratings for Asiamet Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asiamet Resources and related companies with MarketBeat.com's FREE daily email newsletter.