Ardea Resources (OTCMKTS:ARRRF) Shares Down 15.7%

Ardea Resources Ltd (OTCMKTS:ARRRF)’s stock price dropped 15.7% during trading on Wednesday . The stock traded as low as $0.38 and last traded at $0.38, approximately 34,991 shares changed hands during trading. An increase of 92% from the average daily volume of 18,221 shares. The stock had previously closed at $0.45.

The firm’s 50-day moving average price is $0.41 and its 200 day moving average price is $0.34.

About Ardea Resources (OTCMKTS:ARRRF)

Ardea Resources Limited engages in the exploration and development of mineral properties in Australia. The company explores for cobalt, nickel, scandium, gold, zinc, silver, and lead deposits. Its principal projects include the Kalgoorlie nickel project located in Kalgoorlie, Western Australia; and the Lewis Ponds project located in the Lachlan Fold Belt of New South Wales.

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