Artemis Resources (ARV) AI Stock Analysis

• Market Cap: $13.95M
• Dividend Yield: N/A
• Average Volume (3M): 4.10M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.87
• Revenue Growth: N/A
• EPS Growth: -1133.33%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 2,535,672,000
• 10 Day Avg. Volume: 8,889,996
• 30 Day Avg. Volume: 4,098,699
• PEG Ratio: -0.01
• Price to Book (P/B): 0.45
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.28
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 32 Underperform
• Price Target: ―

Artemis Resources Limited's overall stock score is low, primarily due to financial performance challenges and the absence of clear technical analysis indicators. The company's strong revenue growth is overshadowed by significant profitability issues and cash flow challenges. The lack of technical data further complicates the evaluation, resulting in a cautious outlook.

Artemis Resources Business Overview & Revenue Model

Company Description

Artemis Resources Limited engages in the exploration and development of mineral properties. The company explores for gold, nickel, cobalt, and copper deposits. Its flagship projects include the Carlow Castle Gold-Copper-Cobalt project located in the West Pilbara region of Western Australia; and the Paterson Central Gold-Copper project covering an area of approximately 605 square kilometers located in the Yaneena Basin of the Paterson Province, Western Australia. Artemis Resources Limited was incorporated in 2003 and is based in Subiaco, Australia.

How the Company Makes Money

Artemis Resources Limited primarily generates revenue through the exploration, development, and potential sale of mineral resources, including gold and copper. The company seeks to increase its mineral reserves and resources through exploration activities, which, if successful, can lead to the development of mining operations. Revenue is generated when these resources are extracted and sold in the commodities market. Additionally, Artemis Resources may engage in joint ventures or partnerships with other mining companies to share the costs and profits of exploration and development projects. These collaborations can provide access to additional capital and technical expertise, enhancing the company's ability to bring projects into production, thereby contributing to its earnings.

Artemis Resources Financial Statement Overview

Summary

Artemis Resources Limited shows a mixed financial performance. While revenue growth is strong, the company faces significant profitability challenges with negative EBIT and net profit margins. The balance sheet is stable with low leverage, but cash flow issues persist due to negative operating and free cash flows.

Income Statement

Artemis Resources Limited has experienced a significant increase in total revenue over the past year, but continues to face substantial losses. The gross profit margin is positive, yet EBIT and net profit margins remain deeply negative, indicating ongoing operational challenges. The revenue growth rate is high, suggesting potential for future recovery, but sustained profitability remains uncertain.

Balance Sheet

The company's balance sheet shows a strong equity position relative to total assets, with a low debt-to-equity ratio, indicating financial stability. However, stockholders' equity has decreased over time, and negative net income impacts return on equity, highlighting profitability concerns. Liquidity remains strong with a considerable cash reserve.

Cash Flow

Negative operating cash flow and free cash flow indicate cash burn, primarily driven by high capital expenditures. Despite improvement in financing cash flow, the company's ability to generate cash from operations remains a challenge. The ratios of cash flow to net income suggest inefficiencies in translating earnings into cash.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	211.80K	240.38K	80.17K	33.39K	133.81K	185.22K
Gross Profit	211.80K	240.38K	-121.60K	-64.60K	18.07K	-334.90K
EBITDA	-1.08M	-1.24M	-16.71M	-3.77M	-4.08M	-11.39M
Net Income	-20.41M	-16.59M	-16.92M	-7.53M	-10.48M	-12.27M
Balance Sheet
Total Assets	38.10M	39.17M	52.79M	67.67M	61.73M	56.86M
Cash, Cash Equivalents and Short-Term Investments	2.93M	1.65M	5.45M	12.39M	9.62M	7.00M
Total Debt	217.84K	47.79K	152.96K	153.45K	157.50K	157.50K
Total Liabilities	8.12M	7.33M	7.42M	8.35M	4.06M	3.41M
Stockholders Equity	29.98M	31.83M	45.37M	59.32M	57.67M	53.45M
Cash Flow
Free Cash Flow	-4.01M	-4.26M	-8.89M	-12.01M	-11.74M	-5.09M
Operating Cash Flow	-1.56M	-1.81M	-2.87M	-3.86M	-1.93M	-2.09M
Investing Cash Flow	-2.45M	-2.45M	-3.80M	-7.57M	-2.54M	-2.18M
Financing Cash Flow	4.90M	3.13M	2.28M	8.99M	13.15M	3.86M

Artemis Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	44 Neutral	C$958.62M	-6.68	-13.31%	2.80%	17.55%	-32.28%
ARV	32 Underperform	$13.95M	―	-53.93%	―	―	-1133.33%
ZCB		€10.64M	―	-16.11%	―	―	―
8EE		€6.09M	―	-75.66%	―	―	―
YBB			―	-4.06%	―	―	―
CST	48 Neutral	AU$19.57M	―	-3.70%	―	―	-92.59%
CMD	31 Underperform	AU$14.23M	―	-186.04%	―	―	-47.06%

Artemis Resources Corporate Events

Artemis Resources Issues Shares for Invoice Settlement

Artemis Resources Limited has announced the issuance of 7,142,857 shares at a price of $0.007 per share to a supplier as a non-cash settlement for invoices. This strategic move, made without disclosure under the Corporations Act, reflects the company’s compliance with relevant legal provisions and its efforts to manage financial obligations while maintaining operational liquidity.

Artemis Resources Announces Quotation of New Securities

Artemis Resources Limited has announced an application for the quotation of 7,142,857 ordinary fully paid securities on the ASX, as part of an agreement to receive shares in lieu of cash from a supplier. This move is expected to impact the company’s financial operations by potentially improving liquidity and offering flexibility in managing supplier relationships.

Artemis Resources to Launch Extensive Drilling Program in September Quarter

Artemis Resources Limited has announced a substantial drilling program set to commence in the September quarter, targeting significant extensions at its Carlow Gold and Copper Project. The program includes 3,800 meters of diamond drilling to explore potential resource extensions and provide samples for metallurgical testing. Additionally, the company plans 1,200 meters of RC drilling at the Titan Gold Targets and a gravity survey at the Cassowary Intrusion to identify potential IOCG-type mineralization. These initiatives are aimed at advancing the Carlow Project towards feasibility and development, enhancing Artemis’s position in the gold and copper mining sector.

Artemis Resources Advances Exploration and Strategic Ventures

Artemis Resources has completed the first phase of drilling at the Karratha Gold Project, targeting previously undrilled areas near the Carlow gold/copper deposit. Significant gold intersections were found at the Marillion and Titan targets, indicating potential extensions of the Carlow deposit. The company is also reviewing historical drill data to refine its resource estimates. Additionally, Artemis has entered a joint venture with GreenTech Metals to consolidate lithium rights, enhancing its strategic positioning in the lithium market.

Artemis Resources Extends Gold Potential at Carlow Project

Artemis Resources Limited has announced promising results from its Phase One drilling program at the Carlow gold/copper resource, extending the gold potential by 600 meters along strike. The drilling revealed high-grade gold intersections at the Marillion and Titan targets, suggesting significant extensions to the known Carlow deposit. With gold prices currently high, Artemis is reviewing over 400 historic drill holes to assess further potential. The company plans to continue drilling in the June quarter, aiming to explore the gap between Carlow and Marillion, and to conduct conceptual technical studies, including metallurgical test work, to further understand the Carlow geological setting.

GreenTech and Artemis Form Joint Venture for Lithium Exploration in Pilbara

GreenTech Metals and Artemis Resources have formed a joint venture, Andover Lithium Pty Ltd, to consolidate their lithium mineral rights in the West Pilbara region. This collaboration creates the largest lithium exploration package in the area, covering over 420 km² and includes several lithium prospective areas. The venture aims to attract major funding partners, allowing GreenTech and Artemis to focus on their core activities of copper/zinc and gold exploration, respectively. The consolidation is expected to streamline operations without significant management or cost burdens, enhancing the companies’ strategic positioning in the lithium market.

Artemis and GreenTech Form Joint Venture for Pilbara Lithium Exploration

Artemis Resources and GreenTech Metals have formed a joint venture, Andover Lithium Pty Ltd, to consolidate their lithium mineral rights in the West Pilbara, creating the largest lithium exploration package in the region. This strategic move aims to attract major funding partners and allows both companies to focus on their core exploration activities, with Artemis concentrating on gold and GreenTech on copper and zinc, potentially strengthening their positions in the resource sector.