Asiabasemetals (CVE:ABZ) Hits New 12-Month High at $0.63

Asiabasemetals (CVE:ABZ)’s stock price reached a new 52-week high on Thursday . The company traded as high as C$0.63 and last traded at C$0.63, with a volume of 20125 shares changing hands. The stock had previously closed at C$0.55.

Separately, Fundamental Research assumed coverage on Asiabasemetals in a research report on Wednesday, May 1st. They set a “positive” rating for the company.

The firm has a market capitalization of $11.98 million and a P/E ratio of -32.78. The firm has a fifty day simple moving average of C$0.33.

About Asiabasemetals (CVE:ABZ)

AsiaBaseMetals Inc engages in the exploration and development of metals in Canada. The company explores for zinc, iron, cobalt, and lithium deposits. It owns 100% interests in the Gnome zinc project covering an area of 5,868 hectares located in British Columbia; and Jean iron ore project comprising 15 mineral claims covering an area of 1,584 hectares located in the Thunder Bay Mining district of Ontario.

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