Ardea Resources Limited (OTCMKTS:ARRRF – Get Free Report) dropped 7.7% during mid-day trading on Friday . The company traded as low as $0.24 and last traded at $0.24. Approximately 6,500 shares changed hands during trading, a decline of 23% from the average daily volume of 8,491 shares. The stock had previously closed at $0.26.
Ardea Resources Stock Performance
The stock’s 50 day moving average price is $0.28 and its 200-day moving average price is $0.31.
About Ardea Resources
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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