Sandfire Resources America Inc. (OTCMKTS:SRAFF – Get Rating) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totalling 300 shares, a decline of 66.7% from the August 31st total of 900 shares. Based on an average daily volume of 61,300 shares, the short-interest ratio is currently 0.0 days.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group upgraded shares of Sandfire Resources America from a "hold" rating to a "buy" rating in a research report on Monday, July 18th.
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Shares of OTCMKTS SRAFF remained flat at $0.12 during midday trading on Wednesday. 3,081 shares of the company's stock were exchanged, compared to its average volume of 41,104. The company's 50 day moving average price is $0.12 and its 200-day moving average price is $0.13. Sandfire Resources America has a 12-month low of $0.08 and a 12-month high of $0.19.
About Sandfire Resources America
(Get Rating)Sandfire Resources America Inc engages in the acquisition, exploration, and development of 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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