Semafo (TSE:SMF) Shares Cross Above 200-Day Moving Average – Here’s Why

Semafo Inc. (TSE:SMFGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.00 and traded as high as C$4.84. Semafo shares last traded at C$4.77, with a volume of 940,641 shares trading hands.

Semafo Price Performance

The firm’s 50 day moving average price is C$4.77. 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.

Semafo Company Profile

(Get Free Report)

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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