Sandfire Resources America Inc. (OTCMKTS:SRAFF – Get Free Report) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 12,366 shares, an increase of ? from the July 30th total of 0 shares. Based on an average daily trading volume, of 104,144 shares, the short-interest ratio is presently 0.1 days.
Sandfire Resources America Trading Down 2.3%
Shares of OTCMKTS:SRAFF traded down $0.00 during midday trading on Monday, hitting $0.16. 5,887 shares of the stock were exchanged, compared to its average volume of 76,650. Sandfire Resources America has a twelve month low of $0.09 and a twelve month high of $0.32. The company has a 50 day moving average price of $0.16 and a 200-day moving average price of $0.18.
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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