Asiamet Resources (LON:ARS) Share Price Passes Below 50 Day Moving Average of $1.14

Asiamet Resources Limited (LON:ARSGet Rating)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 1.14 ($0.01) and traded as low as GBX 1 ($0.01). Asiamet Resources shares last traded at GBX 1.08 ($0.01), with a volume of 1,591,777 shares changing hands.

Asiamet Resources Stock Performance

The company has a current ratio of 4.33, a quick ratio of 4.33 and a debt-to-equity ratio of 2.90. The firm has a market capitalization of £20.74 million and a PE ratio of -3.58. The firm’s fifty day moving average price is GBX 1.14 and its 200 day moving average price is GBX 1.70.

Asiamet Resources Company Profile

(Get Rating)

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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