Sandfire Resources America (OTCMKTS:SRAFF) Trading Down 4.5% – Time to Sell?

Sandfire Resources America Inc. (OTCMKTS:SRAFFGet Free Report)’s share price dropped 4.5% on Wednesday . The company traded as low as $0.21 and last traded at $0.21. Approximately 27,510 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 97,154 shares. The stock had previously closed at $0.22.

Sandfire Resources America Stock Down 4.5 %

The firm’s 50-day simple moving average is $0.22 and its 200-day simple moving average is $0.23.

About Sandfire Resources America

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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.

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