Ardea Resources Limited (OTCMKTS:ARRRF) Short Interest Update

Ardea Resources Limited (OTCMKTS:ARRRF) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 13,600 shares, a growth of 1,136.4% from the April 30th total of 1,100 shares. Based on an average daily volume of 9,800 shares, the short-interest ratio is currently 1.4 days.

Ardea Resources Stock Performance

Ardea Resources stock opened at $0.28 on Friday. The firm’s 50 day moving average price is $0.26 and its two-hundred day moving average price is $0.24. Ardea Resources has a twelve month low of $0.18 and a twelve month high of $0.42.

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.