Asiamet Resources (LON:ARS) Shares Cross Above Fifty Day Moving Average – What’s Next?

Asiamet Resources Limited (LON:ARSGet Free Report) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 0.78 ($0.01) and traded as high as GBX 1.05 ($0.01). Asiamet Resources shares last traded at GBX 1.03 ($0.01), with a volume of 2,480,644 shares.

Asiamet Resources Trading Up 8.1 %

The stock has a market capitalization of £38.20 million, a P/E ratio of -6.20 and a beta of 1.98. The stock’s fifty day moving average price is GBX 0.78 and its two-hundred day moving average price is GBX 0.75.

About Asiamet Resources

(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.

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