For the first 7 months of this year, these two companies traced each other literally with identical stock prices. In january they were both at US$1.30, in March $1, and in June, just before CLQ released its DFS, they were both at 80 cents. Within months, they would both go down another 50% as low as the 30s for Ardea, and 20s for Cleanteq. In the last 3 months Ardea has diverged from Clean Teq, with [email protected] and [email protected] At these MCs, US$240M for CLQ, US$50M for ARL, Clean Teq is valued at almost 5X that of Ardea.
