Shares of West African Resources Limited (OTCMKTS:WFRSF – Get Free Report) fell 5.3% on Friday . The company traded as low as $2.3680 and last traded at $2.3680. 800 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 8,393 shares. The stock had previously closed at $2.50.
West African Resources Stock Performance
The company has a 50 day moving average price of $2.15 and a 200-day moving average price of $1.89.
About West African Resources
West African Resources Limited (OTCMKTS:WFRSF) is an Australia-domiciled gold mining company focused on the exploration, development and operation of gold projects in West Africa. The company’s primary asset is the Sanbrado Gold Project in Burkina Faso, which hosts both open-pit and underground ore bodies. West African Resources holds all necessary mining permits for Sanbrado and maintains a portfolio of exploration licenses across the country.
The Sanbrado Gold Project achieved first gold pour in January 2021 following completion of its Phase I processing plant, which has a nameplate capacity of 1.2 million tonnes per annum.
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