Ardea Resources (OTCMKTS:ARRRF) Trading Down 7.6% – Should You Sell?

Ardea Resources Limited (OTCMKTS:ARRRFGet Free Report) traded down 7.6% on Wednesday . The company traded as low as $0.26 and last traded at $0.26. 17,030 shares were traded during trading, an increase of 16% from the average session volume of 14,632 shares. The stock had previously closed at $0.28.

Ardea Resources Stock Performance

The stock has a 50-day simple moving average of $0.25 and a two-hundred day simple moving average of $0.25.

About Ardea Resources

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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.

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