West African Resources Limited (OTCMKTS:WFRSF – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 46,463 shares, a decline of 54.0% from the July 30th total of 101,008 shares. Based on an average trading volume of 2,305 shares, the days-to-cover ratio is presently 20.2 days.
West African Resources Stock Down 13.3%
West African Resources stock opened at $2.12 on Friday. West African Resources has a one year low of $0.75 and a one year high of $3.46. The business has a fifty day moving average price of $1.99 and a 200-day moving average price of $2.11.
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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