Short Interest in Artemis Gold Inc. (OTCMKTS:ARGTF) Expands By 362.8%

Artemis Gold Inc. (OTCMKTS:ARGTF – Get Rating) saw a significant increase in short interest during the month of December. As of December 30th, there was short interest totalling 290,200 shares, an increase of 362.8% from the December 15th total of 62,700 shares. Based on an average daily trading volume, of 29,900 shares, the short-interest ratio is currently 9.7 days.

Artemis Gold Stock Up 1.2 %

Shares of ARGTF stock opened at $3.29 on Wednesday. Artemis Gold has a 1 year low of $2.50 and a 1 year high of $6.23. The stock’s 50-day moving average is $3.27 and its two-hundred day moving average is $3.32.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. National Bank Financial reduced their price target on Artemis Gold from C$9.00 to C$8.00 in a report on Friday, October 21st. Scotiabank cut their price target on Artemis Gold from C$10.00 to C$8.00 in a report on Friday, October 21st. Finally, BMO Capital Markets lowered their price objective on Artemis Gold from C$12.50 to C$11.00 in a research report on Thursday, October 20th.

Artemis Gold Company Profile

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Artemis Gold Inc, a gold development company, focuses on the identification, acquisition, and development of gold properties. The company's asset portfolio includes a 32.3% equity interests in Velocity Minerals Ltd. that focuses on acquiring, exploring, and evaluating mineral resource properties in Bulgaria.