Asiamet Resources Limited (LON:ARS – Get Free Report)’s share price rose 16.1% on Thursday . The stock traded as high as GBX 0.90 ($0.01) and last traded at GBX 0.90 ($0.01). Approximately 4,065,727 shares changed hands during mid-day trading, an increase of 145% from the average daily volume of 1,657,849 shares. The stock had previously closed at GBX 0.78 ($0.01).
Asiamet Resources Price Performance
The stock has a fifty day moving average price of GBX 0.76 and a 200-day moving average price of GBX 0.74. The company has a market cap of £31.62 million, a PE ratio of -5.13 and a beta of 1.98.
Insider Buying and Selling at Asiamet Resources
In other news, insider Matthew Doube purchased 564,222 shares of Asiamet Resources stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average cost of GBX 1 ($0.01) per share, for a total transaction of £5,642.22 ($7,317.11). Company insiders own 55.63% of the company’s stock.
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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