ArtGo Drops Dejiang Mine Licence Renewal to Focus Resources on Yongfeng Operation
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ArtGo Holdings Ltd. has decided to stop pursuing the renewal of its Dejiang Mine licence due to regulatory uncertainties and high costs. The company will focus its resources on the Yongfeng Mine, which offers better potential for production and profitability. The latest analyst rating for ArtGo's stock (HK:3313) is a Hold with a price target of HK$0.15. ArtGo operates in the marble products sector in China, with the Yongfeng Mine as its main production base.
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