Artemis Resources (LON:ARV) Trading Up 8.5% – Time to Buy?

Artemis Resources Limited (LON:ARV)’s stock price shot up 8.5% on Tuesday . The company traded as high as GBX 0.45 ($0.01) and last traded at GBX 0.43 ($0.01). 15,854,862 shares changed hands during trading, an increase of 140% from the average session volume of 6,609,466 shares. The stock had previously closed at GBX 0.40 ($0.01).

Artemis Resources Price Performance

The stock has a market cap of £16.97 million, a price-to-earnings ratio of -38.79 and a beta of 0.18. The company’s 50 day moving average is GBX 0.33 and its 200 day moving average is GBX 0.33.

About Artemis Resources

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.