West African Resources (OTCMKTS:WFRSF) Stock Price Up 8.9% – Should You Buy?

West African Resources Limited (OTCMKTS:WFRSFGet Free Report)’s share price traded up 8.9% during mid-day trading on Friday . The company traded as high as $1.35 and last traded at $1.35. 40,013 shares traded hands during mid-day trading, an increase of 67% from the average session volume of 23,957 shares. The stock had previously closed at $1.24.

West African Resources Price Performance

The firm’s 50-day simple moving average is $1.04 and its two-hundred day simple moving average is $1.03.

About West African Resources

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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.

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