AsiaBaseMetals (CVE:ABZ) Trading 10% Higher

Shares of AsiaBaseMetals Inc. (CVE:ABZGet Free Report) rose 10% during mid-day trading on Monday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 900 shares changed hands during trading, a decline of 99% from the average daily volume of 70,017 shares. The stock had previously closed at C$0.10.

AsiaBaseMetals Price Performance

The stock has a 50 day moving average price of C$0.10 and a two-hundred day moving average price of C$0.12. The firm has a market capitalization of C$5.43 million, a price-to-earnings ratio of -11.00 and a beta of 0.52.

Insider Activity

In related news, Director Raj Chowdhry bought 350,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average cost of C$0.10 per share, for a total transaction of C$35,000.00. Over the last ninety days, insiders bought 358,500 shares of company stock valued at $35,745. 67.67% of the stock is currently owned by corporate insiders.

About AsiaBaseMetals

(Get Free Report)

AsiaBaseMetals Inc focuses on the exploration and development of precious and base metals properties in Canada. It explores for gold, silver, zinc copper, cobalt, and lithium deposits. The company holds 100% interest in the Gnome project consisting of 1,996 hectares located in British Columbia. AsiaBaseMetals Inc was incorporated in 2009 and is based in Vancouver, Canada.

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