Asiamet Resources (LON:ARS) Shares Pass Above Fifty Day Moving Average – What’s Next?

Shares of Asiamet Resources Limited (LON:ARS) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 0.81 ($0.01) and traded as high as GBX 1.10 ($0.01). Asiamet Resources shares last traded at GBX 0.99 ($0.01), with a volume of 3,194,791 shares changing hands.

Asiamet Resources Price Performance

The firm has a 50-day simple moving average of GBX 0.81 and a 200-day simple moving average of GBX 0.76. The firm has a market capitalization of £36.64 million, a PE ratio of -5.94 and a beta of 1.98.

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.