West African Resources Limited (OTCMKTS:WFRSF – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 90,112 shares, a drop of 69.8% from the September 30th total of 298,760 shares. Based on an average daily trading volume, of 964 shares, the short-interest ratio is currently 93.5 days.
West African Resources Stock Performance
WFRSF stock opened at $3.17 on Friday. West African Resources has a 12-month low of $0.75 and a 12-month high of $3.46. The business’s fifty day moving average price is $2.42 and its 200 day moving average price is $2.20.
West African Resources Company Profile
West African Resources Limited is an Australian-based gold mining and exploration company focused on developing and operating gold assets in Burkina Faso, West Africa. The company produces gold doré and conducts exploration activities aimed at expanding its mineral resources and extending the life of its operations.
West African Resources operates the Sanbrado Gold Operation, which began commercial production in 2020. Sanbrado includes open-pit and underground mining operations, as well as processing facilities that recover gold from ore.
The company is also developing the Kiaka Gold Mine in Burkina Faso, a large-scale project intended to become a significant source of gold production.
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