West African Resources Limited (OTCMKTS:WFRSF – Get Free Report)’s share price traded down 23.8% during mid-day trading on Thursday . The stock traded as low as $1.95 and last traded at $1.95. Approximately 6,400 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 6,865 shares. The stock had previously closed at $2.5594.
West African Resources Stock Performance
The business’s 50-day moving average is $2.08 and its 200-day moving average is $2.15.
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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