Artemis Resources (LON:ARV) Shares Down 6.2% – What’s Next?

Artemis Resources Limited (LON:ARV) shares were down 6.2% on Friday . The stock traded as low as GBX 0.25 ($0.00) and last traded at GBX 0.26 ($0.00). Approximately 484,322 shares traded hands during trading, a decline of 69% from the average daily volume of 1,553,384 shares. The stock had previously closed at GBX 0.28 ($0.00).

Artemis Resources Price Performance

The company’s fifty day simple moving average is GBX 0.35 and its two-hundred day simple moving average is GBX 0.41. The stock has a market cap of £11.31 million, a price-to-earnings ratio of -0.51 and a beta of 0.18.

Artemis Resources Company Profile

Artemis Resources (ASX/AIM: ARV; FRA: ATY; US: ARTTF) is a gold and copper focused resources company with projects in Western Australia.

The Company’s main projects include;
• Karratha Gold Project (100%) including the Carlow Castle 704k oz AuEq gold-copper-cobalt project in the West Pilbara;
• Karratha Lithium Project including the high grade Mt Marie Lithium Prospect and the Osborne Lithium JV (Artemis 49%; GreenTech Metals (ASX:GRE) 51%)
• Paterson Central Gold/Copper project in the Paterson Province (located adjacent to Greatland Gold / Newmont’s recent gold-copper discovery at Havieron and only ~42km from the Newmont Telfer gold mine).
• Artemis also owns the Radio Hill processing plant, located only 35km from Karratha.