Sandfire Resources America Inc. (OTCMKTS:SRAFF) Sees Large Increase in Short Interest

Sandfire Resources America Inc. (OTCMKTS:SRAFF) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 31,700 shares, a growth of 534.0% from the March 15th total of 5,000 shares. Based on an average daily trading volume, of 57,300 shares, the short-interest ratio is presently 0.6 days.

Sandfire Resources America Trading Down 4.8 %

OTCMKTS SRAFF traded down $0.01 during trading on Tuesday, hitting $0.21. The stock had a trading volume of 102,055 shares, compared to its average volume of 72,349. The company’s 50-day moving average price is $0.22 and its two-hundred day moving average price is $0.22. Sandfire Resources America has a 12 month low of $0.16 and a 12 month high of $0.35.

Sandfire Resources America Company Profile

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.