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

Ardea Resources Limited (OTCMKTS:ARRRF) 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

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.