Shares of SEMAFO Inc. (OTCMKTS:SEMFF – Get Free Report) were up 4.4% during mid-day trading on Wednesday. The company traded as high as $3.53 and last traded at $3.47. Approximately 4,000 shares changed hands during trading, a decline of 93% from the average session volume of 55,841 shares. The stock had previously closed at $3.3222.
SEMAFO Price Performance
The company’s 50-day moving average is $3.47 and its 200 day moving average is $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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