Artemis Resources (LON:ARV) Stock Price Down 7.1% – Time to Sell?

Artemis Resources Limited (LON:ARV) shares dropped 7.1% during trading on Tuesday . The company traded as low as GBX 0.55 ($0.01) and last traded at GBX 0.59 ($0.01). Approximately 13,416,025 shares were traded during trading, an increase of 86% from the average daily volume of 7,213,940 shares. The stock had previously closed at GBX 0.63 ($0.01).

Artemis Resources Price Performance

The stock has a market cap of £21.80 million, a P/E ratio of -49.83 and a beta of 0.18. The business’s 50 day simple moving average is GBX 0.35 and its 200 day simple moving average is 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.