Artemis Resources (LON:ARV) Trading Up 25% – Here’s Why

Artemis Resources Limited (LON:ARV) was up 25% on Friday . The stock traded as high as GBX 0.40 ($0.01) and last traded at GBX 0.38 ($0.01). Approximately 48,808,383 shares changed hands during mid-day trading, an increase of 1,287% from the average daily volume of 3,520,089 shares. The stock had previously closed at GBX 0.30 ($0.00).

Artemis Resources Trading Up 24.0%

The firm has a market capitalization of £10.66 million, a price-to-earnings ratio of -32.07 and a beta of 0.18. The firm has a 50 day moving average price of GBX 0.29 and a two-hundred 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.