Sandfire Resources America Inc. (OTCMKTS:SRAFF – Get Free Report) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 14,203 shares, a drop of 68.3% from the April 15th total of 44,835 shares. Based on an average daily trading volume, of 60,042 shares, the days-to-cover ratio is presently 0.2 days.
Sandfire Resources America Price Performance
SRAFF opened at $0.17 on Friday. Sandfire Resources America has a 12-month low of $0.14 and a 12-month high of $0.32. The company’s 50 day moving average is $0.18 and its 200 day moving average is $0.21.
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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