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

Ardea Resources Limited (OTCMKTS:ARRRF – Get Rating) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 5,900 shares, a decrease of 90.7% from the March 15th total of 63,400 shares. Based on an average trading volume of 204,700 shares, the days-to-cover ratio is presently 0.0 days.

Shares of Ardea Resources stock opened at $1.30 on Thursday. The business has a 50 day simple moving average of $0.77 and a two-hundred day simple moving average of $0.51. Ardea Resources has a 12 month low of $0.30 and a 12 month high of $1.39.

Ardea Resources Company Profile (Get Rating)

Ardea Resources Limited engages in the 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 and cobalt mineral resources, and nickel sulphide and gold prospects; and Bardoc Tectonic Zone Gold Project, which has nickel sulphide prospects.

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