Shares of Asiamet Resources Limited (LON:ARS – Get Free Report) shot up 11.9% on Wednesday . The company traded as high as GBX 2.10 and last traded at GBX 2.07. 65,592,055 shares were traded during mid-day trading, an increase of 1,710% from the average session volume of 3,624,413 shares. The stock had previously closed at GBX 1.85.
Asiamet Resources Stock Performance
The company’s 50-day simple moving average is GBX 1.57 and its 200 day simple moving average is GBX 1.53. The company has a market cap of £70.25 million, a PE ratio of -12.94 and a beta of 0.93.
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. 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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