Sandfire Resources America Inc. (OTCMKTS:SRAFF – Get Free Report) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 46,582 shares, an increase of 228.0% from the April 30th total of 14,203 shares. Based on an average daily volume of 77,939 shares, the days-to-cover ratio is currently 0.6 days.
Sandfire Resources America Price Performance
Sandfire Resources America stock opened at $0.16 on Friday. The business’s fifty day moving average is $0.17 and its two-hundred day moving average is $0.21. Sandfire Resources America has a 52 week low of $0.14 and a 52 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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