Serengeti Resources (CVE:SIR) Trading Up 2.1% – Time to Buy?

Serengeti Resources Inc. (CVE:SIRGet Free Report) was up 2.1% during mid-day trading on Monday . The stock traded as high as C$0.50 and last traded at C$0.49. 70,621 shares were traded during mid-day 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 cap of C$54.39 million and a PE ratio of -8.60. The business’s 50 day moving average price is C$0.49 and its 200 day moving average price is 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

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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. The company was formerly known as Serengeti Minerals Ltd.

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