Sandfire Resources America Inc. (OTCMKTS:SRAFF) Short Interest Update

Sandfire Resources America Inc. (OTCMKTS:SRAFF) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 9,100 shares, a drop of 22.2% from the December 15th total of 11,700 shares. Based on an average trading volume of 66,400 shares, the days-to-cover ratio is presently 0.1 days.

Sandfire Resources America Price Performance

SRAFF stock traded down $0.01 during trading on Friday, reaching $0.22. 87,699 shares of the stock traded hands, compared to its average volume of 231,090. The business’s 50 day moving average price is $0.21 and its 200-day moving average price is $0.23. Sandfire Resources America has a 52-week low of $0.04 and a 52-week high of $0.35.

About Sandfire Resources America

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.