Asiamet Resources (LON:ARS) Shares Down 9.7% – Should You Sell?

Asiamet Resources Limited (LON:ARS)’s share price fell 9.7% during trading on Tuesday . The company traded as low as GBX 0.70 ($0.01) and last traded at GBX 0.70 ($0.01). 1,673,244 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 2,627,223 shares. The stock had previously closed at GBX 0.78 ($0.01).

Asiamet Resources Stock Up 2.9 %

The company has a market capitalization of £22.66 million, a P/E ratio of -4.67 and a beta of 1.98. The company has a current ratio of 3.13, a quick ratio of 4.32 and a debt-to-equity ratio of 1.54. The stock’s fifty day moving average is GBX 0.71 and its 200 day moving average is GBX 0.79.

Insider Activity

In other Asiamet Resources news, insider Matthew Doube acquired 564,222 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were acquired at an average cost of GBX 1 ($0.01) per share, with a total value of £5,642.22 ($7,093.56). 55.63% of the stock is currently owned by company insiders.

Asiamet Resources Company Profile

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.