West African Resources Limited (OTCMKTS:WFRSF – Get Free Report) was the target of a significant increase in short interest during 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 short-interest ratio is currently 186.5 days.
West African Resources Price Performance
OTCMKTS WFRSF opened at $1.87 on Thursday. The stock’s fifty day moving average price is $2.17 and its 200 day moving average price is $2.12. West African Resources has a 1 year low of $0.75 and a 1 year high of $3.46.
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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