West African Resources Limited (OTCMKTS:WFRSF) Short Interest Update

West African Resources Limited (OTCMKTS:WFRSF) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,644,700 shares, a growth of 27.4% from the March 15th total of 1,291,300 shares. Based on an average trading volume of 15,600 shares, the days-to-cover ratio is presently 105.4 days.

West African Resources Price Performance

Shares of WFRSF stock opened at $1.62 on Friday. The stock’s 50-day simple moving average is $1.28 and its 200-day simple moving average is $1.10. West African Resources has a fifty-two week low of $0.46 and a fifty-two week high of $1.66.

About West African Resources

West African Resources Limited engages in the mining, mineral processing, acquisition, exploration, and project development of gold projects in West Africa. The company has 90% interests in the Sanbrado Gold Project located in Burkina Faso; and Kiaka gold project located in Burkina Faso. It also holds 100% owned exploration license in the Toega Gold Project located in Burkina Faso.