West African Resources Limited (OTCMKTS:WFRSF – Get Free Report) traded down 1% during mid-day trading on Thursday . The company traded as low as $2.00 and last traded at $2.00. Approximately 4,500 shares changed hands during trading, a decline of 30% from the average daily volume of 6,456 shares. The stock had previously closed at $2.02.
West African Resources Stock Performance
The firm’s fifty day moving average is $1.97 and its 200 day moving average is $2.13.
West African Resources Company Profile
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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