Asiamet Resources Limited (LON:ARS – Get Free Report) rose 9.7% during mid-day trading on Wednesday following insider buying activity. The stock traded as high as GBX 0.85 ($0.01) and last traded at GBX 0.85 ($0.01). Approximately 5,421,536 shares changed hands during trading, an increase of 105% from the average daily volume of 2,642,522 shares. The stock had previously closed at GBX 0.78 ($0.01).
Specifically, insider Matthew Doube acquired 564,222 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £5,642.22 ($7,051.89).
Asiamet Resources Trading Up 11.8 %
The company has a debt-to-equity ratio of 1.54, a current ratio of 3.13 and a quick ratio of 4.32. The company has a market cap of £24.61 million, a P/E ratio of -4.67 and a beta of 1.98. The stock’s 50-day moving average is GBX 0.71 and its two-hundred day moving average is GBX 0.79.
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.
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