SEMAFO Inc. (OTCMKTS:SEMFF – Get Free Report) rose 4.4% on Wednesday. The company traded as high as $3.53 and last traded at $3.47. Approximately 4,000 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 55,841 shares. The stock had previously closed at $3.3222.
SEMAFO Trading Up 4.4%
The company has a fifty day moving average of $3.47 and a 200-day moving average of $3.47.
SEMAFO Company Profile
SEMAFO Inc was a Canadian gold mining company focused on the exploration, development and operation of gold properties in West Africa. The company’s principal activities included producing gold and advancing mineral projects in Burkina Faso.
SEMAFO operated the Mana gold mine in Burkina Faso and developed the Boungou mine in the country’s east. Its operations included open-pit mining, ore processing and related exploration activities intended to expand and sustain its West African asset base.
In 2020, SEMAFO combined with Endeavour Mining Corporation in a transaction that created a larger West African gold producer.
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