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Ardea Resources ( (AU:ARL) ) has issued an announcement.
Ardea Resources has announced the progression of its Goongarrie Project, a significant nickel-cobalt development in Australia. The project has completed its Pre-Feasibility Study phase and is moving into the Definitive Feasibility Study phase, indicating positive economic potential. This advancement positions the company strategically within the nickel-cobalt industry, potentially impacting its market presence and offering promising prospects for stakeholders.
The most recent analyst rating on (AU:ARL) stock is a Buy with a A$1.12 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
Average Trading Volume: 58,519
Technical Sentiment Signal: Sell
Current Market Cap: A$85.22M
For an in-depth examination of ARL stock, go to TipRanks’ Stock Analysis page.