Sandfire Resources America Inc. (OTCMKTS:SRAFF – Get Free Report) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 9,731 shares, a decrease of 76.6% from the May 31st total of 41,611 shares. Based on an average daily volume of 66,601 shares, the short-interest ratio is currently 0.1 days.
Sandfire Resources America Stock Down 0.1%
Shares of Sandfire Resources America stock opened at $0.14 on Friday. Sandfire Resources America has a 12 month low of $0.09 and a 12 month high of $0.32. The business has a fifty day simple moving average of $0.16 and a 200-day simple moving average of $0.20.
Sandfire Resources America Company Profile
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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