Sandfire Resources America Inc. (OTCMKTS:SRAFF – Get Free Report) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 12,366 shares, a growth of ∞ from the July 30th total of 0 shares. Based on an average daily volume of 104,144 shares, the short-interest ratio is presently 0.1 days.
Sandfire Resources America Price Performance
SRAFF stock opened at $0.15 on Tuesday. Sandfire Resources America has a 12 month low of $0.09 and a 12 month high of $0.32. The firm has a 50 day simple moving average of $0.16 and a 200 day simple moving average of $0.18.
About Sandfire Resources America
Sandfire Resources America Corp. (OTCMKTS:SRAFF) operates as the American depositary receipt issuer for Sandfire Resources Ltd., an Australian-based, independent copper and gold producer. Through its ADR program, the company holds and administers ordinary shares of its parent, enabling U.S. investors to participate in the underlying performance of Sandfire Resources Ltd. without direct exposure to foreign securities markets.
The underlying parent company was founded in 2003 and has since developed a portfolio of copper and gold operations and exploration projects across multiple continents.
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