Serengeti Resources (CVE:SIR) Shares Up 2.1% – What’s Next?

Serengeti Resources Inc. (CVE:SIR) shares were up 2.1% during mid-day trading on Thursday . The company traded as high as C$0.50 and last traded at C$0.49. Approximately 70,621 shares changed hands during trading, a decline of 28% from the average daily volume of 97,510 shares. The stock had previously closed at C$0.48.

Serengeti Resources Stock Up 2.1 %

The firm has a market capitalization of C$54.39 million and a price-to-earnings ratio of -8.60. The business has a 50 day moving average of C$0.49 and a 200 day moving average of C$0.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.44 and a quick ratio of 1.40.

Serengeti Resources Company Profile

Serengeti Resources Inc acquires and explores for mineral properties in Canada. It company explores for gold, copper, and silver deposits. The company's flagship property is the Kwanika project that covers an area of 25,928 hectares located in the northern Quesnel Trough, British Columbia. It also has an option to acquire 100% interest in Top Cat project covering an area of approximately 21,600 hectares situated in central British Columbia.