Sandfire Resources (OTCMKTS:SFRRF) Trading Up 19% – Still a Buy?

Sandfire Resources Limited (OTCMKTS:SFRRF) was up 19% on Friday . The stock traded as high as $13.15 and last traded at $13.15. Approximately 452 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 7,364 shares. The stock had previously closed at $11.0466.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of Sandfire Resources in a research note on Monday, February 16th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Sandfire Resources Price Performance

The stock has a 50-day moving average price of $12.59 and a 200 day moving average price of $11.28.

Sandfire Resources Company Profile

Sandfire Resources (OTCMKTS:SFRRF) is an Australian-based mining and exploration company focused on the discovery, development and production of high‐grade copper resources. The company’s core operations are anchored by the DeGrussa Copper‐Gold Mine in Western Australia, where open‐pit and underground mining techniques produce copper‐gold concentrate for regional smelters. In addition to DeGrussa, Sandfire Resources has advanced development projects and exploration assets in Botswana and North America, positioning itself as a diversified copper producer with a growing international footprint.

Sandfire’s principal business activities encompass project acquisition, feasibility studies, mine construction, and ongoing mine operations.