Insider Selling: Asiamet Resources (LON:ARS) Insider Sells 14,709,577 Shares of Stock

Asiamet Resources Limited (LON:ARS) insider Tony Manini sold 14,709,577 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of GBX 2, for a total value of £294,191.54.

Tony Manini also recently made the following trade(s):

• On Wednesday, November 5th, Tony Manini sold 5,613,984 shares of Asiamet Resources stock. The stock was sold at an average price of GBX 1, for a total value of £56,139.84.

Asiamet Resources Stock Performance

ARS stock traded up GBX 0.02 during trading on Thursday, hitting GBX 1.60. The stock had a trading volume of 5,450,736 shares, compared to its average volume of 3,232,153. The stock has a market cap of £51.91 million, a price-to-earnings ratio of -8.42 and a beta of 1.98. The company’s 50 day moving average price is GBX 1.21 and its two-hundred day moving average price is GBX 1.05. Asiamet Resources Limited has a 1-year low of GBX 0.50 and a 1-year high of GBX 2.24.

Analyst Upgrades and Downgrades

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

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.