Sandfire Resources America Inc. (OTCMKTS:SRAFF – Get Free Report) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 12,366 shares, a growth of ? from the July 30th total of 0 shares. Based on an average trading volume of 104,144 shares, the short-interest ratio is currently 0.1 days.
Sandfire Resources America Stock Down 2.3%
Sandfire Resources America stock opened at $0.16 on Friday. The company has a fifty day simple moving average of $0.16 and a 200-day simple moving average of $0.18. Sandfire Resources America has a 12-month low of $0.09 and a 12-month high of $0.32.
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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