Shares of Asiamet Resources Limited (LON:ARS – Get Free Report) dropped 12.8% during mid-day trading on Friday . The company traded as low as GBX 0.34 and last traded at GBX 0.34. 33,571,309 shares changed hands during trading, an increase of 599% from the average session volume of 4,800,979 shares. The stock had previously closed at GBX 0.39.
Asiamet Resources Price Performance
The business has a 50 day moving average price of GBX 1.50 and a 200 day moving average price of GBX 1.50. The firm has a market capitalization of £11.54 million, a P/E ratio of -2.12 and a beta of 0.93.
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.
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