AsiaBaseMetals (CVE:ABZ) Shares Down 12.5%

AsiaBaseMetals Inc. (CVE:ABZ)’s share price fell 12.5% during mid-day trading on Tuesday . The stock traded as low as C$0.10 and last traded at C$0.11. 301,000 shares traded hands during trading, an increase of 304% from the average session volume of 74,552 shares. The stock had previously closed at C$0.12.

AsiaBaseMetals Stock Performance

The firm has a fifty day simple moving average of C$0.11 and a 200-day simple moving average of C$0.10. The firm has a market cap of C$5.19 million, a price-to-earnings ratio of -10.50 and a beta of 0.39.

Insider Transactions at AsiaBaseMetals

In other news, Director Terrylene Penstock sold 300,000 shares of AsiaBaseMetals stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of C$0.11, for a total transaction of C$31,500.00. In other AsiaBaseMetals news, Director Raj Chowdhry bought 325,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were purchased at an average price of C$0.11 per share, for a total transaction of C$34,125.00. Also, Director Terrylene Penstock sold 300,000 shares of AsiaBaseMetals stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of C$0.11, for a total value of C$31,500.00. Over the last 90 days, insiders bought 334,000 shares of company stock valued at $35,065. 67.69% of the stock is currently owned by corporate insiders.

AsiaBaseMetals Company Profile

AsiaBaseMetals Inc focuses on the exploration and development of precious and base metals properties in Canada. It explores for gold, silver, zinc copper, cobalt, and lithium deposits. The company holds 100% interest in the Gnome project consisting of 1,996 hectares located in British Columbia. AsiaBaseMetals Inc was incorporated in 2009 and is based in Vancouver, Canada.