Short Interest in Ardea Resources Ltd (OTCMKTS:ARRRF) Expands By 595.2%

Ardea Resources Ltd (OTCMKTS:ARRRF) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 14,600 shares, a growth of 595.2% from the August 31st total of 2,100 shares. Based on an average daily trading volume, of 82,900 shares, the days-to-cover ratio is presently 0.2 days.

Shares of OTCMKTS ARRRF opened at $0.33 on Monday. The firm’s 50-day moving average price is $0.40 and its 200-day moving average price is $0.25. Ardea Resources has a 12-month low of $0.10 and a 12-month high of $0.53.

Ardea Resources Company Profile

Ardea Resources Limited engages in the exploration and development of mineral properties in Australia. The company explores for cobalt, nickel, scandium, gold, zinc, silver, and lead deposits. Its principal projects include the Kalgoorlie nickel project located in Kalgoorlie, Western Australia; and the Lewis Ponds project located in the Lachlan Fold Belt of New South Wales.

Further Reading: Economic Reports

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