Ardea Resources Limited (OTCMKTS:ARRRF) Sees Significant Drop in Short Interest

Ardea Resources Limited (OTCMKTS:ARRRF) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 1,500 shares, a drop of 70.6% from the December 31st total of 5,100 shares. Based on an average daily trading volume, of 7,600 shares, the short-interest ratio is presently 0.2 days.

Ardea Resources Stock Down 4.4 %

Shares of ARRRF stock traded down $0.01 during trading on Friday, hitting $0.22. 18,375 shares of the stock traded hands, compared to its average volume of 7,442. Ardea Resources has a 52-week low of $0.18 and a 52-week high of $0.57. The firm’s fifty day moving average price is $0.21 and its 200-day moving average price is $0.25.

Ardea Resources Company Profile

Ardea Resources Limited engages in the evaluation, exploration, and development of mineral properties in Australia. The company explores for nickel, cobalt, scandium, gold, PGEs, and copper deposits. It holds 100% interest in Kalgoorlie Nickel Project (KNP) located in the Kalgoorlie, Western Australia that comprises nickel, cobalt, and scandium laterite mineral resources, as well as and nickel sulphide and critical projects; the Kalpini Project is located in the City of Kalgoorlie-Boulder that covers approximately 121 square kilometers; and the Bardoc Tectonic Zone Gold Project, which has nickel sulphide prospects.