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

Sandfire Resources America Inc. (OTCMKTS:SRAFF) saw a significant drop in short interest in the month of 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 short-interest ratio is presently 0.0 days.

Sandfire Resources America Price Performance

OTCMKTS:SRAFF remained flat at $0.18 on Thursday. The company’s stock had a trading volume of 65,932 shares, compared to its average volume of 245,273. The firm’s 50-day simple moving average is $0.12 and its 200-day simple moving average is $0.09. Sandfire Resources America has a 52 week low of $0.04 and a 52 week 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.