Sandfire Resources America Inc. (OTCMKTS:SRAFF – Get Rating) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 19,200 shares, a decrease of 35.6% from the October 31st total of 29,800 shares. Based on an average daily volume of 46,500 shares, the days-to-cover ratio is presently 0.4 days.
Sandfire Resources America Stock Down 10.2 %
Sandfire Resources America stock traded down $0.01 during mid-day trading on Friday, reaching $0.09. 48,380 shares of the company were exchanged, compared to its average volume of 46,778. The business has a fifty day moving average of $0.11 and a 200 day moving average of $0.11. Sandfire Resources America has a 12-month low of $0.08 and a 12-month high of $0.19.
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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.Further Reading
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