Sandfire Resources (OTCMKTS:SFRRF) Shares Up 9.1% – Should You Buy?

Shares of Sandfire Resources Limited (OTCMKTS:SFRRF) shot up 9.1% during trading on Friday . The stock traded as high as $13.75 and last traded at $13.75. 12,000 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 12,800 shares. The stock had previously closed at $12.60.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “hold” rating on shares of Sandfire Resources in a research report on Monday, February 16th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Sandfire Resources Price Performance

The firm’s 50-day moving average is $12.37 and its two-hundred day moving average is $10.17.

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.