Sandfire Resources America Inc. (OTCMKTS:SRAFF – Get Rating) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totalling 3,200 shares, a growth of 39.1% from the June 30th total of 2,300 shares. Based on an average daily volume of 53,800 shares, the days-to-cover ratio is currently 0.1 days.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group raised Sandfire Resources America from a "hold" rating to a "buy" rating in a research report on Monday, July 18th.
Get Sandfire Resources America alerts:Sandfire Resources America Stock Up 9.1 %
Shares of Sandfire Resources America stock traded up $0.01 during trading on Friday, reaching $0.12. The company's stock had a trading volume of 45,000 shares, compared to its average volume of 47,107. Sandfire Resources America has a 1-year low of $0.08 and a 1-year high of $0.20. The company has a 50-day simple moving average of $0.12 and a two-hundred day simple moving average of $0.14.
Sandfire Resources America Company Profile
(Get Rating)Sandfire Resources America Inc acquires, explores for, and develops resource properties in the United States and Canada. The company explores for copper, cobalt, zinc, lead, and silver deposits. Its flagship property is the Black Butte copper project that consists of approximately 7,684 acres of fee-simple lands and 4,541 acres in 239 Federal unpatented lode-mining claims located in central Montana, the United States.
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