Short Interest in Ardea Resources Limited (OTCMKTS:ARRRF) Decreases By 70.6%

Ardea Resources Limited (OTCMKTS:ARRRFGet Free Report) was the recipient of a significant drop in short interest in 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 currently 0.2 days.

Ardea Resources Price Performance

OTCMKTS:ARRRF opened at $0.23 on Friday. The company’s 50-day moving average price is $0.21 and its 200-day moving average price is $0.26. Ardea Resources has a twelve month low of $0.18 and a twelve month high of $0.57.

Ardea Resources Company Profile

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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.

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