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

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

Ardea Resources Stock Performance

ARRRF stock remained flat at $0.23 during trading on Thursday. Ardea Resources has a 12-month low of $0.18 and a 12-month high of $0.57. The business has a 50 day simple moving average of $0.21 and a 200 day simple moving average of $0.26.

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.