Artemis Resources (LON:ARV) Trading 11.1% Higher – Time to Buy?

Artemis Resources Limited (LON:ARV)’s share price rose 11.1% during trading on Monday . The company traded as high as GBX 0.55 ($0.01) and last traded at GBX 0.55 ($0.01). Approximately 12,382,979 shares changed hands during trading, an increase of 77% from the average daily volume of 7,003,009 shares. The stock had previously closed at GBX 0.50 ($0.01).

Artemis Resources Stock Up 11.1%

The firm has a market capitalization of £20.74 million, a price-to-earnings ratio of -47.41 and a beta of 0.18. The stock has a 50-day moving average price of GBX 0.34 and a 200 day moving average price of GBX 0.34.

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.