Asiamet Resources Limited (LON:ARS – Get Free Report)’s share price was up 13.1% on Thursday . The company traded as high as GBX 1.59 and last traded at GBX 1.59. 9,216,755 shares traded hands during mid-day trading, an increase of 194% from the average daily volume of 3,131,059 shares. The stock had previously closed at GBX 1.41.
Asiamet Resources Stock Performance
The firm’s 50-day simple moving average is GBX 1.47 and its 200-day simple moving average is GBX 1.58. The company has a market capitalization of £54.13 million, a price-to-earnings ratio of -9.97 and a beta of 0.97.
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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