Semafo Inc. (TSE:SMF)’s share price reached a new 52-week low on Friday . The company traded as low as C$2.68 and last traded at C$2.71, with a volume of 242863 shares. The stock had previously closed at C$2.82.
Separately, CIBC lowered their price objective on shares of Semafo from C$4.25 to C$4.00 in a research report on Thursday, September 6th.
The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 18.94.
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 satellite deposits of Siou. It also holds 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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