Artemis Gold Inc. (OTCMKTS:ARGTF) Sees Significant Growth in Short Interest

Artemis Gold Inc. (OTCMKTS:ARGTF) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 477,700 shares, an increase of 15.3% from the August 15th total of 414,200 shares. Based on an average trading volume of 23,900 shares, the short-interest ratio is currently 20.0 days.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus assumed coverage on Artemis Gold in a report on Thursday, September 7th. They issued a “buy” rating for the company.

Artemis Gold Price Performance

OTCMKTS ARGTF opened at $4.40 on Friday. The stock has a 50-day simple moving average of $4.06 and a 200 day simple moving average of $3.67. Artemis Gold has a twelve month low of $2.50 and a twelve month high of $4.78.

Artemis Gold Company Profile

Artemis Gold Inc, a gold development company, focuses on the identification, acquisition, and development of gold properties. The company holds equity ownership interest in Velocity Minerals Ltd. that focus on exploration and development of gold properties in Bulgaria. It also holds 100% interest in the Blackwater Gold Project located in central British Columbia.