Artemis Gold (OTCMKTS:ARGTF) Trading Down 5.7% – Time to Sell?

Artemis Gold Inc. (OTCMKTS:ARGTF) shares were down 5.7% on Tuesday . The company traded as low as $18.04 and last traded at $18.25. Approximately 67,858 shares traded hands during mid-day trading, an increase of 92% from the average daily volume of 35,338 shares. The stock had previously closed at $19.35.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ARGTF. National Bankshares reaffirmed an “outperform” rating on shares of Artemis Gold in a research report on Wednesday, April 2nd. Royal Bank of Canada restated an “outperform” rating on shares of Artemis Gold in a research note on Monday, June 2nd. Finally, BMO Capital Markets restated an “outperform” rating on shares of Artemis Gold in a research note on Tuesday, June 3rd.

Artemis Gold Trading Down 5.7%

The firm has a fifty day moving average price of $15.05 and a 200-day moving average price of $12.32.

About Artemis Gold

Artemis Gold Inc, a gold development company, focuses on the identification, acquisition, and development of gold properties. The company holds equity ownership interest in Velocity Minerals Ltd. that focus on exploration and development of gold properties in Bulgaria. It holds 100% interest in the Blackwater Gold Project located in central British Columbia.