West African Resources Limited (OTCMKTS:WFRSF – Get Free Report) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 298,760 shares, an increase of 279.5% from the September 15th total of 78,733 shares. Based on an average daily trading volume, of 5 shares, the days-to-cover ratio is currently 59,752.0 days.
West African Resources Price Performance
WFRSF opened at $2.03 on Monday. The stock’s 50 day moving average price is $2.29 and its 200-day moving average price is $2.15. West African Resources has a one year low of $0.75 and a one year high of $3.46.
West African Resources Company Profile
West African Resources Limited is an Australian gold mining company focused on the exploration, development and operation of gold projects in Burkina Faso, West Africa. The company produces gold doré, an intermediate product that is refined into bullion, for sale to international precious-metals markets.
The company’s principal operating asset is the Sanbrado Gold Operation in Burkina Faso. Sanbrado is a combined open-pit and underground mining complex that began commercial production in 2020.
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