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The latest announcement is out from Ardea Resources ( (AU:ARL) ).
Ardea Resources has announced that its Goongarrie Project has completed the Pre-Feasibility Study phase and is now entering the Definitive Feasibility Study phase. The project is considered to have positive economic potential, which could enhance Ardea’s position in the nickel-cobalt market and benefit stakeholders by advancing a long-term operation with strong financial metrics.
The most recent analyst rating on (AU:ARL) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Ardea Resources stock, see the AU:ARL Stock Forecast page.
More about Ardea Resources
Ardea Resources is a company operating in the mining industry, focusing on the extraction and supply of nickel and cobalt. The company is involved in developing a strategic, independent supply chain for these metals to serve global markets.
YTD Price Performance: 80.60%
Average Trading Volume: 121,674
Technical Sentiment Signal: Buy
Current Market Cap: A$127.3M
For a thorough assessment of ARL stock, go to TipRanks’ Stock Analysis page.