Sandfire Resources America Inc. (OTCMKTS:SRAFF – Get Rating) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 20,600 shares, a growth of 10,200.0% from the February 28th total of 200 shares. Based on an average trading volume of 100,400 shares, the days-to-cover ratio is presently 0.2 days.
Sandfire Resources America Stock Performance
OTCMKTS SRAFF remained flat at $0.09 during trading on Wednesday. 4,500 shares of the company's stock were exchanged, compared to its average volume of 49,814. Sandfire Resources America has a one year low of $0.07 and a one year high of $0.17. The business's fifty day moving average is $0.09 and its two-hundred day moving average is $0.10.
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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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