Shares of Asiamet Resources Limited (LON:ARS – Get Free Report) rose 11.9% during trading on Wednesday . The stock traded as high as GBX 2.10 and last traded at GBX 2.07. Approximately 65,592,055 shares were traded during mid-day trading, an increase of 1,710% from the average session volume of 3,624,413 shares. The stock had previously closed at GBX 1.85.
Asiamet Resources Trading Up 11.9%
The company’s fifty day moving average is GBX 1.57 and its two-hundred day moving average is GBX 1.53. The stock has a market cap of £70.25 million, a price-to-earnings ratio of -12.94 and a beta of 0.93.
Asiamet Resources Company Profile
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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