Ardea Resources Limited (OTCMKTS:ARRRF – Get Free Report)’s share price fell 2.5% during trading on Tuesday. The stock traded as low as $0.21 and last traded at $0.2340. Approximately 4,500 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 6,113 shares. The stock had previously closed at $0.24.
Ardea Resources Price Performance
The firm’s 50 day simple moving average is $0.29 and its two-hundred day simple moving average is $0.38.
About Ardea Resources
Ardea Resources Limited is an Australia-based mineral resources company focused on developing critical-minerals projects in Western Australia. The company’s primary asset is the Kalgoorlie Nickel Project, a large-scale nickel, cobalt and scandium development located in the Goldfields region near Kalgoorlie.
The Kalgoorlie Nickel Project includes the Goongarrie Hub and surrounding nickel-laterite deposits. Ardea is evaluating the potential to produce nickel and cobalt products for battery and other industrial applications, while also recovering scandium and other associated minerals.
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