Ardea Resources (ASX:ARL) Trading Down 1.9%

Ardea Resources Limited (ASX:ARL) shares fell 1.9% on Friday . The company traded as low as A$0.50 ($0.35) and last traded at A$0.52 ($0.37), 61,499 shares were traded during trading. The stock had previously closed at A$0.53 ($0.37).

The company has a market cap of $60.41 million and a price-to-earnings ratio of -36.79. The stock has a 50 day simple moving average of A$0.54.

In related news, insider Ian Buchhorn 400,000 shares of the stock in a transaction that occurred on Monday, December 2nd.

Ardea Resources Company Profile (ASX:ARL)

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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