Key Points
- Insider sale: Tony Manini sold 14,709,577 Asiamet shares on Nov 25 at GBX 2 each for a total of £294,191.54, adding to a Nov 5 sale of 5,613,984 shares at GBX 1 (≈£56,139.84).
- Asiamet (LON:ARS) shares opened at GBX 1.60, trade within a 52-week range of GBX 0.50–2.24, have a market cap of £51.91 million and a negative P/E of -8.42.
- The company is an Indonesia-focused mineral explorer (copper, gold, zinc, lead, silver) with the flagship BKM copper project in Kalimantan, and Shore Capital recently reiterated a "house stock" rating.
Asiamet Resources Limited (LON:ARS - Get Free Report) insider Tony Manini sold 14,709,577 shares of Asiamet Resources 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 shares were sold at an average price of GBX 1, for a total value of £56,139.84.
Asiamet Resources Stock Performance
Shares of LON ARS opened at GBX 1.60 on Friday. Asiamet Resources Limited has a 52 week low of GBX 0.50 and a 52 week high of GBX 2.24. The stock has a market capitalization of £51.91 million, a P/E ratio of -8.42 and a beta of 1.98. The stock's fifty day moving average is GBX 1.23 and its 200 day moving average is GBX 1.05.
Wall Street Analyst Weigh In
Separately, Shore Capital reiterated a "house stock" rating on shares of Asiamet Resources in a research note on Monday, August 11th.
Check Out Our Latest Research Report on ARS
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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