West African Resources Limited (OTCMKTS:WFRSF) Short Interest Update

by · The Markets Daily

West African Resources Limited (OTCMKTS:WFRSF – Get Free Report) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 119,350 shares, an increase of 72.0% from the May 31st total of 69,389 shares. Based on an average daily trading volume, of 640 shares, the days-to-cover ratio is currently 186.5 days.

West African Resources Price Performance

Shares of West African Resources stock opened at $1.87 on Friday. West African Resources has a 52 week low of $0.75 and a 52 week high of $3.46. The stock has a 50 day moving average price of $2.15 and a two-hundred day moving average price of $2.12.

About West African Resources

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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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