Semafo (TSE:SMF) Trading Up 4.6% – Here’s Why

Semafo Inc. (TSE:SMFGet Free Report)’s share price rose 4.6% on Monday . The stock traded as high as C$4.84 and last traded at C$4.77. Approximately 940,641 shares were traded 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 company has a quick ratio of 1.37, a current ratio of 2.42 and a debt-to-equity ratio of 6.49. The company has a market cap of C$1.60 billion and a price-to-earnings ratio of 34.07. The company’s 50-day moving average is C$4.77.

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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