Ardea Resources (OTCMKTS:ARRRF) Trading Up 5% – What’s Next?

Ardea Resources Limited (OTCMKTS:ARRRF) shares traded up 5% during mid-day trading on Tuesday . The company traded as high as $0.36 and last traded at $0.36. 5,000 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 21,598 shares. The stock had previously closed at $0.3430.

Ardea Resources Stock Up 5.0%

The company’s 50 day simple moving average is $0.37 and its 200 day simple moving average is $0.31.

Ardea Resources Company Profile

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.