Asiamet Resources (LON:ARS) Stock Price Down 1.4% – Should You Sell?

Shares of Asiamet Resources Limited (LON:ARS) were down 1.4% on Thursday . The company traded as low as GBX 1.66 and last traded at GBX 1.70. Approximately 2,555,783 shares changed hands during trading, a decline of 41% from the average daily volume of 4,327,593 shares. The stock had previously closed at GBX 1.73.

Asiamet Resources Stock Performance

The company has a market capitalization of £57.69 million, a PE ratio of -8.95 and a beta of 1.98. The firm’s 50-day simple moving average is GBX 1.65 and its 200 day simple moving average is GBX 1.24.

Insider Transactions at Asiamet Resources

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

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. The company was formerly known as Kalimantan Gold Corporation Limited and changed its name to Asiamet Resources Limited in July 2015. The company was incorporated in 2017 and is headquartered in Jakarta, Indonesia.