Ardea Resources (OTCMKTS:ARRRF) Stock Price Up 3.4% – Should You Buy?

Ardea Resources Limited (OTCMKTS:ARRRFGet Free Report) shot up 3.4% on Friday . The stock traded as high as $0.21 and last traded at $0.21. 15,000 shares were traded during mid-day trading, an increase of 79% from the average session volume of 8,364 shares. The stock had previously closed at $0.20.

Ardea Resources Price Performance

The company has a 50-day moving average price of $0.26 and a two-hundred day moving average price of $0.29.

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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