Asiamet Resources (LON:ARS) Trading Down 9.7% – What’s Next?

Shares of Asiamet Resources Limited (LON:ARS) traded down 9.7% during trading on Tuesday . The company traded as low as GBX 0.70 ($0.01) and last traded at GBX 0.70 ($0.01). 1,673,244 shares changed hands during trading, a decline of 36% from the average session volume of 2,627,223 shares. The stock had previously closed at GBX 0.78 ($0.01).

Asiamet Resources Stock Down 9.7 %

The firm has a market cap of £18.13 million, a P/E ratio of -4.67 and a beta of 1.98. The stock’s 50 day simple moving average is GBX 0.70 and its 200 day simple moving average is GBX 0.80. The company has a debt-to-equity ratio of 1.54, a quick ratio of 4.32 and a current ratio of 3.13.

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.