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

Ardea Resources Limited (OTCMKTS:ARRRF) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 1,500 shares, a decrease of 70.6% from the December 31st total of 5,100 shares. Based on an average trading volume of 7,600 shares, the short-interest ratio is currently 0.2 days.

Ardea Resources Stock Performance

ARRRF remained flat at $0.23 during trading hours on Thursday. Ardea Resources has a twelve month low of $0.18 and a twelve month high of $0.57. The stock’s 50 day moving average is $0.21 and its two-hundred day moving average is $0.26.

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.