Sandfire Resources America Inc. (OTCMKTS:SRAFF) Sees Large Decline in Short Interest

Sandfire Resources America Inc. (OTCMKTS:SRAFF) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 11,700 shares, a decrease of 24.5% from the November 30th total of 15,500 shares. Based on an average daily trading volume, of 17,300 shares, the short-interest ratio is currently 0.7 days.

Sandfire Resources America Trading Up 5.9 %

Sandfire Resources America stock opened at $0.22 on Friday. Sandfire Resources America has a 52-week low of $0.04 and a 52-week high of $0.35. The company’s 50 day moving average is $0.21 and its two-hundred day moving average is $0.23.

Sandfire Resources America Company Profile

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.