Ardea Resources (OTCMKTS:ARRRF) Shares Up 12.8% – Still a Buy?

Shares of Ardea Resources Limited (OTCMKTS:ARRRFGet Free Report) shot up 12.8% on Monday . The stock traded as high as $0.28 and last traded at $0.28. 29,850 shares changed hands during trading, an increase of 178% from the average session volume of 10,727 shares. The stock had previously closed at $0.25.

Ardea Resources Trading Up 12.8%

The firm has a fifty day moving average of $0.27 and a two-hundred day moving average of $0.26.

About Ardea Resources

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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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