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Artemis Resources Limited

ARTTF
21
Industrial Materials · Basic Materials
Price
$0.00
+0.00 (+0.00%)
Market Cap
$10.8M
Exchange
Other OTC
Winston Score
21
Winston is worried
Weak fundamentals across most pillars.
Based on the IPO prospectus (annual filing). This score will refine automatically once the company reports its first quarters.
Data as of Sep 8, 2026 · filings through Dec 31, 2025

§How the score breaks down

Quality
Mixed
Growth
Weak
Cash Flow
Weak
Stability
Good
Valuation
Data not available

Share count rising — dilution

+92.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 1.13B (2021) → 2.18B (2025)

§Winston Score History

The full picture

Artemis Resources is a small Australian mining and exploration company focused on finding and developing gold, copper, and other mineral deposits. Its main projects are located in the Pilbara region of Western Australia, an area known for rich mineral resources. The company is still in the early exploration and development stage, meaning it is not yet a large-scale producer.

Artemis generates revenue primarily through small-scale gold production and occasional asset sales or joint venture agreements. It operates entirely in Australia and has a very small market capitalization, making it a micro-cap stock. The company's potential upside depends on successfully proving up its mineral resources and advancing projects toward commercial production, but the key risk is that exploration-stage miners often need to raise additional capital, which can dilute existing shareholders.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-100.0% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+33.3% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

A$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

0.8%ownership

Relatively low insider ownership

Cash Runway

~9 months

A$5M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Cash watch

Artemis Resources Limited has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
65.8%
Premium pricing power — 65.8% gross margin
Profit after running costs
Operating Margin
-686.7%
Losing money on operations — -686.7%
Return on the money invested
ROCE
-6.0%
Weak — -6.0% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
+14.7%
Fast-growing sales (+14.7% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
N/A
Data not available

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-1593.1%
Burning cash (-1593.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.00
Conservative — low debt load (0.00)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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