Sandfire Resources America Inc. (OTCMKTS:SRAFF – Get Free Report) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 9,731 shares, a decline of 76.6% from the May 31st total of 41,611 shares. Based on an average trading volume of 66,601 shares, the short-interest ratio is presently 0.1 days.
Sandfire Resources America Price Performance
OTCMKTS SRAFF traded up $0.00 during trading on Monday, hitting $0.14. 7,420 shares of the company’s stock traded hands, compared to its average volume of 74,550. Sandfire Resources America has a 12-month low of $0.09 and a 12-month high of $0.32. The business has a 50 day moving average of $0.16 and a 200-day moving average of $0.20.
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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