Ardea Resources Limited (ASX:ARL) insider Ian Buchhorn bought 660,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were purchased at an average cost of A$0.33 ($0.23) per share, for a total transaction of A$217,800.00 ($154,468.09).

ASX:ARL traded down A$0.04 ($0.03) during midday trading on Friday, hitting A$0.50 ($0.35). 261,499 shares of the stock were exchanged. The company has a market capitalization of $53.07 million and a PE ratio of -12.82.

About Ardea Resources

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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