Sandfire Resources America Inc. (OTCMKTS:SRAFF – Get Rating) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totalling 36,100 shares, a drop of 17.0% from the May 31st total of 43,500 shares. Based on an average trading volume of 51,400 shares, the days-to-cover ratio is currently 0.7 days.
OTCMKTS:SRAFF opened at $0.13 on Tuesday. The firm has a 50-day moving average price of $0.12 and a two-hundred day moving average price of $0.15. Sandfire Resources America has a twelve month low of $0.08 and a twelve month high of $0.20.
Get Sandfire Resources America alerts:About Sandfire Resources America (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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