Asiamet Resources (LON:ARS) Sets New 1-Year Low – What’s Next?

Asiamet Resources Limited (LON:ARSGet Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 0.50 ($0.01) and last traded at GBX 0.55 ($0.01), with a volume of 12539313 shares traded. The stock had previously closed at GBX 0.61 ($0.01).

Asiamet Resources Price Performance

The company has a debt-to-equity ratio of 1.54, a current ratio of 3.13 and a quick ratio of 4.32. The firm has a market capitalization of £14.25 million, a P/E ratio of -4.67 and a beta of 1.98. The firm’s 50 day simple moving average is GBX 0.70 and its two-hundred day simple moving average is GBX 0.85.

Asiamet Resources Company Profile

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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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