Ardea Resources Limited (OTCMKTS:ARRRF) Short Interest Down 35.7% in August

Ardea Resources Limited (OTCMKTS:ARRRF) was the target of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 1,800 shares, a decrease of 35.7% from the July 31st total of 2,800 shares. Based on an average daily trading volume, of 600 shares, the short-interest ratio is currently 3.0 days.

Ardea Resources Stock Performance

Ardea Resources stock remained flat at $0.27 during midday trading on Thursday. Ardea Resources has a twelve month low of $0.23 and a twelve month high of $0.57. The business’s 50 day simple moving average is $0.29 and its 200-day simple moving average is $0.36.

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.