Semafo (TSE:SMF) Trading 4.6% Higher – What’s Next?

Semafo Inc. (TSE:SMFGet Free Report)’s share price was up 4.6% during trading on Monday . The company traded as high as C$4.84 and last traded at C$4.77. Approximately 940,641 shares changed hands during trading, a decline of 49% from the average daily volume of 1,830,981 shares. The stock had previously closed at C$4.56.

Semafo Price Performance

The firm has a market capitalization of C$1.60 billion and a P/E ratio of 34.07. The business has a 50 day simple moving average of C$4.77. The company has a current ratio of 2.42, a quick ratio of 1.37 and a debt-to-equity ratio of 6.49.

Semafo Company Profile

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SEMAFO Inc, a mining company, engages in the exploration, development, and operation of gold properties in West Africa. The company operates the Mana Mine in Burkina Faso, which includes the Siou deposit. It also holds a 90% interest in the Boungou project. The company was formerly known as West Africa Mining Exploration Corporation Inc and changed its name to SEMAFO Inc in May 1997.

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