Asiamet Resources (LON:ARS) Stock Price Up 13.1% – Here’s Why

Asiamet Resources Limited (LON:ARSGet Free Report)’s stock price traded up 13.1% on Thursday . The stock traded as high as GBX 1.59 and last traded at GBX 1.59. 9,216,755 shares were traded during 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 Up 13.1%

The business has a 50-day moving average price of GBX 1.47 and a 200-day moving average price of GBX 1.58. The firm has a market capitalization of £54.13 million, a P/E ratio of -9.97 and a beta of 0.97.

Asiamet Resources Company Profile

(Get Free Report)

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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