Sandfire Resources (OTCMKTS:SFRRF) Trading 9.1% Higher – Time to Buy?

Shares of Sandfire Resources Limited (OTCMKTS:SFRRF) rose 9.1% during mid-day trading on Friday . The company traded as high as $13.75 and last traded at $13.75. Approximately 12,000 shares traded hands during trading, a decline of 6% from the average daily volume of 12,800 shares. The stock had previously closed at $12.60.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “hold” rating on shares of Sandfire Resources in a research note on Monday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sandfire Resources currently has a consensus rating of “Hold”.

Sandfire Resources Price Performance

The stock’s fifty day simple moving average is $12.37 and its 200-day simple moving average is $10.15.

About Sandfire Resources

Sandfire Resources (OTCMKTS:SFRRF) is an Australian-based mining and exploration company focused on the discovery, development and production of high‐grade copper resources. The company’s core operations are anchored by the DeGrussa Copper‐Gold Mine in Western Australia, where open‐pit and underground mining techniques produce copper‐gold concentrate for regional smelters. In addition to DeGrussa, Sandfire Resources has advanced development projects and exploration assets in Botswana and North America, positioning itself as a diversified copper producer with a growing international footprint.

Sandfire’s principal business activities encompass project acquisition, feasibility studies, mine construction, and ongoing mine operations.