Sandfire Resources (OTCMKTS:SFRRF) Trading Up 13.1% – Still a Buy?

Shares of Sandfire Resources Limited (OTCMKTS:SFRRFGet Free Report) shot up 13.1% during mid-day trading on Friday . The company traded as high as $12.44 and last traded at $12.44. 749 shares changed hands during trading, an increase of 11% from the average session volume of 672 shares. The stock had previously closed at $11.00.

Sandfire Resources Stock Up 13.1%

The business has a fifty day moving average price of $10.56 and a 200 day moving average price of $8.92.

Sandfire Resources Company Profile

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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.

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