Sandfire Resources America Inc. (OTCMKTS:SRAFF) Short Interest Update

Sandfire Resources America Inc. (OTCMKTS:SRAFF) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 6,900 shares, a drop of 91.4% from the February 29th total of 80,700 shares. Based on an average daily volume of 540,000 shares, the days-to-cover ratio is presently 0.0 days.

Sandfire Resources America Stock Performance

Sandfire Resources America stock remained flat at $0.18 during midday trading on Thursday. The company had a trading volume of 65,932 shares, compared to its average volume of 245,273. The company’s 50-day moving average is $0.12 and its 200-day moving average is $0.09. Sandfire Resources America has a 1 year low of $0.04 and a 1 year high of $0.23.

About Sandfire Resources America

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.