Sandfire Resources America Inc. (OTCMKTS:SRAFF – Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 5,749 shares, an increase of 186.6% from the September 30th total of 2,006 shares. Based on an average trading volume of 62,876 shares, the short-interest ratio is currently 0.1 days.
Sandfire Resources America Trading Up 5.8%
OTCMKTS SRAFF opened at $0.16 on Friday. The business’s fifty day simple moving average is $0.17 and its 200-day simple moving average is $0.18. Sandfire Resources America has a 52 week low of $0.09 and a 52 week 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 a subsidiary of Sandfire Resources Limited, an Australia-based mining company, and its activities are centered on evaluating and advancing copper assets rather than operating a broad portfolio of producing mines.
The company’s principal project is the Black Butte Copper Project in central Montana, near White Sulphur Springs. The project is designed as an underground copper mine and includes the Johnny Lee copper deposit.
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