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The ASX has suspended the shares of Pilbara gold explorer Artemis Resources
Resources
0 minute ago | Angela East
The ASX has suspended Artemis Resources shares from trading — with very little explanation.
On Tuesday afternoon the ASX issued an announcement saying Artemis would be “suspended from official quotation immediately pursuant to listing rule 17.3”.
It’s not clear why the trading halt was put in place.
do not advertise external links has contacted the ASX and Artemis for comment.
Under ASX listing rules, the bourse can suspend a company from trading for a number of reasons including if it is “unable or unwilling to comply with, or breaks, a listing rule” or “to prevent a disorderly or uninformed market”.
Artemis shares dipped 2 per cent to 20c just prior to the suspension on Tuesday morning.
The shares hit a high of 59c at the height of the Pilbara gold nugget rush late last year.
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Artemis Resources shares over the past year. (ASX:ARV)
Earlier today Artemis boss David Lenigas showed off a heart-shaped gold nugget recovered in the Pilbara region of Western Australia.
The Pilbara region has been undergoing something of a gold nugget rush since last July when Artemis and Canadian partner Novo Resources made a now-legendary announcement regarding a gold nugget find at their Purdy’s Reward site south of Karratha, WA.
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