Sandfire Resources America Inc. (OTCMKTS:SRAFF – Get Free Report) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 2,006 shares, a decline of 88.1% from the September 15th total of 16,904 shares. Based on an average trading volume of 86,541 shares, the days-to-cover ratio is presently 0.0 days.
Sandfire Resources America Stock Performance
Shares of OTCMKTS SRAFF traded up $0.01 during mid-day trading on Friday, reaching $0.19. 13,600 shares of the company were exchanged, compared to its average volume of 70,564. The company’s 50-day simple moving average is $0.17 and its 200-day simple moving average is $0.17. Sandfire Resources America has a twelve month low of $0.09 and a twelve month high of $0.32.
About Sandfire Resources America
Sandfire Resources America Inc is a mineral exploration and development company focused on copper projects in the United States. The company is associated with Sandfire Resources Limited, an Australia-based mining company, and is primarily known for its interest in the Black Butte Copper Project in central Montana.
Black Butte is an underground copper development project near White Sulphur Springs, Montana. The project is designed to produce copper concentrate and has been the subject of extensive exploration, engineering, environmental review and permitting activities.
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