Sandfire Resources (OTCMKTS:SFRRF) Trading 29.2% Higher – Time to Buy?

Sandfire Resources Limited (OTCMKTS:SFRRF) was up 29.2% on Friday . The company traded as high as $15.50 and last traded at $15.50. 210 shares traded hands during trading, a decline of 96% from the average session volume of 5,200 shares. The stock had previously closed at $12.00.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada lowered shares of Sandfire Resources to a “sector perform” rating in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Sandfire Resources Trading Up 29.2%

The company has a 50 day moving average of $13.84 and a 200-day moving average of $13.11.

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.