Asiamet Resources (LON:ARS) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

by · The Markets Daily

Asiamet Resources Limited (LON:ARS – Get Free Report)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 1.32 and traded as high as GBX 1.75. Asiamet Resources shares last traded at GBX 1.72, with a volume of 8,897,988 shares.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Asiamet Resources in a report on Monday, August 11th.

Check Out Our Latest Stock Report on ARS

Asiamet Resources Stock Performance

The firm has a market cap of £55.67 million, a PE ratio of -9.03 and a beta of 1.98. The stock has a 50 day simple moving average of GBX 1.32 and a two-hundred day simple moving average of GBX 1.08.

Insider Buying and Selling

In other news, insider Eva Armila Djauhari bought 7,911,115 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was purchased at an average cost of GBX 2 per share, with a total value of £158,222.30. Also, insider Tony Manini sold 14,709,577 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of GBX 2, for a total transaction of £294,191.54. Insiders own 13.00% of the company’s stock.

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.

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