Ardea Resources (ASX:ARL) Trading Down 1.9%

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

The company has a market capitalization of $60.41 million and a P/E ratio of -36.79. The business’s 50-day moving average price is A$0.54.

In other news, insider Ian Buchhorn 400,000 shares of the business’s stock in a transaction dated 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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