Sandfire Resources America Inc. (OTCMKTS:SRAFF – Get Free Report) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 9,731 shares, a decrease of 76.6% from the May 31st total of 41,611 shares. Based on an average daily volume of 66,601 shares, the short-interest ratio is presently 0.1 days.
Sandfire Resources America Stock Down 0.1%
OTCMKTS SRAFF opened at $0.14 on Friday. The firm’s fifty day moving average price is $0.16 and its two-hundred day moving average price is $0.20. Sandfire Resources America has a fifty-two week low of $0.09 and a fifty-two week high of $0.32.
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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