Asiamet Resources (LON:ARS) Stock Price Crosses Above 50 Day Moving Average of $1.22

Asiamet Resources Limited (LON:ARSGet Rating)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 1.22 ($0.01) and traded as high as GBX 1.60 ($0.02). Asiamet Resources shares last traded at GBX 1.58 ($0.02), with a volume of 3,576,803 shares trading hands.

Asiamet Resources Price Performance

The firm has a market capitalization of £34.45 million and a P/E ratio of -5.25. The firm has a 50 day moving average price of GBX 1.22 and a 200-day moving average price of GBX 1.13. The company has a current ratio of 4.33, a quick ratio of 4.32 and a debt-to-equity ratio of 2.90.

About Asiamet Resources

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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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