AsiaBaseMetals (CVE:ABZ) Reaches New 1-Year Low – Time to Sell?

Shares of AsiaBaseMetals Inc. (CVE:ABZ – Get Free Report) reached a new 52-week low on Wednesday. The stock traded as low as C$0.05 and last traded at C$0.05, with a volume of 30,000 shares trading hands. The stock had previously closed at C$0.07.

AsiaBaseMetals Price Performance

The firm’s fifty day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.10. The company has a current ratio of 0.02, a quick ratio of 0.74 and a debt-to-equity ratio of -1.46. The company has a market capitalization of C$2.51 million, a price-to-earnings ratio of -13.00 and a beta of 0.39.

About AsiaBaseMetals

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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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