SEMAFO (OTCMKTS:SEMFF) Shares Up 4.4% – Still a Buy?

SEMAFO Inc. (OTCMKTS:SEMFF) shares were up 4.4% during trading on Wednesday. The company traded as high as $3.53 and last traded at $3.47. Approximately 4,000 shares traded 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 Stock Up 4.4%

The company has a 50-day simple moving average of $3.47 and a two-hundred day simple moving average of $3.47.

SEMAFO Company Profile

SEMAFO Inc was a Canadian-based gold mining company focused on the exploration, development and production of gold in West Africa. The company operated primarily in Burkina Faso, where its activities centered on the Mana and Boungou gold operations.

SEMAFO produced gold doré and supported its operations through mining, ore processing, exploration and resource development. Its properties included open-pit mining assets and associated processing facilities, with exploration programs intended to extend mine life and identify additional mineral resources.

SEMAFO was led by President and Chief Executive Officer Benoit La Salle before the company was acquired by Endeavour Mining Corporation in 2020.