Semafo Inc. (SMF) Director Sells C$194,759.04 in Stock

Semafo Inc. (TSE:SMF) Director Tertius Zongo sold 57,964 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of C$3.36, for a total transaction of C$194,759.04.

Semafo Inc. (TSE:SMF) traded down C$0.04 during trading on Thursday, reaching C$3.22. 1,426,513 shares of the company were exchanged, compared to its average volume of 1,808,486. Semafo Inc. has a 52 week low of C$2.68 and a 52 week high of C$5.24.

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SMF has been the topic of several research analyst reports. CSFB raised shares of Semafo from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 9th. Clarus Securities reissued a “hold” rating on shares of Semafo in a report on Thursday, November 9th. Scotiabank reissued an “outperform” rating and issued a C$5.25 target price on shares of Semafo in a report on Wednesday. Finally, Desjardins reissued a “buy” rating and issued a C$4.75 target price on shares of Semafo in a report on Friday, September 29th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$5.19.

Semafo Company Profile

SEMAFO Inc is a Canada-based mining company. The Company’s segments include Mana, Burkina Faso; Natougou, Burkina Faso, and Other exploration. The Company, through its subsidiaries, is engaged in gold mining activities, including exploration, development and operations. Its properties include Mana project, which is located in Burkina Faso that includes the satellite Siou and Fofina deposits; Natougou advanced gold deposit, which is located approximately 320 kilometers east of Ouagadougou, and consists of a drill database of over 170 diamond, 625 multi-purpose (reverse-circulation (RC) pre-collar and core tail) and 550 RC drill holes; Banfora project, which is located approximately 200 kilometers south west of Mana, and Nabanga project, which is located approximately 250 kilometers south-east of Ouagadougou.

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