Sandfire Resources America Inc. (OTCMKTS:SRAFF) Sees Large Decline in Short Interest

Sandfire Resources America Inc. (OTCMKTS:SRAFF) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 5,000 shares, a decrease of 42.5% from the February 28th total of 8,700 shares. Based on an average daily volume of 98,700 shares, the days-to-cover ratio is presently 0.1 days.

Sandfire Resources America Trading Up 4.5 %

Shares of SRAFF opened at $0.23 on Monday. The firm has a 50-day moving average price of $0.23 and a 200 day moving average price of $0.22. Sandfire Resources America has a 52-week low of $0.16 and a 52-week high of $0.35.

Sandfire Resources America Company Profile

Sandfire Resources America Inc engages in the acquisition, exploration, and development of resource properties in the United States and Canada. The company explores for copper, cobalt, zinc, lead, and silver deposits. Its flagship property is the Black Butte copper project that consists of approximately 7,684 acres of fee-simple lands and 4,541 acres in 239 Federal unpatented lode-mining claims located in central Montana, the United States.