Asiamet Resources (LON:ARS) Shares Cross Below 50-Day Moving Average – Time to Sell?

Asiamet Resources Limited (LON:ARSGet Free Report) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 0.74 ($0.01) and traded as low as GBX 0.72 ($0.01). Asiamet Resources shares last traded at GBX 0.72 ($0.01), with a volume of 224,328 shares trading hands.

Asiamet Resources Stock 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 stock has a market capitalization of £19.53 million, a PE ratio of -4.67 and a beta of 1.98. The firm has a fifty day moving average price of GBX 0.74 and a two-hundred day moving average price of GBX 0.90.

About Asiamet Resources

(Get Free Report)

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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