West African Resources Limited (OTCMKTS:WFRSF – Get Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 47,495 shares, a decrease of 84.7% from the April 30th total of 309,738 shares. Based on an average daily trading volume, of 1,426 shares, the days-to-cover ratio is presently 33.3 days.
West African Resources Stock Performance
OTCMKTS WFRSF opened at $2.18 on Thursday. The business’s 50-day moving average price is $2.11 and its 200 day moving average price is $2.00. West African Resources has a twelve month low of $0.75 and a twelve month high of $3.46.
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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