Short Interest in West African Resources Limited (OTCMKTS:WFRSF) Decreases By 54.0%

West African Resources Limited (OTCMKTS:WFRSF) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 46,463 shares, a decline of 54.0% from the July 30th total of 101,008 shares. Based on an average daily volume of 2,305 shares, the short-interest ratio is presently 20.2 days.

West African Resources Price Performance

West African Resources stock opened at $2.12 on Monday. West African Resources has a fifty-two week low of $0.75 and a fifty-two week high of $3.46. The stock has a 50-day simple moving average of $1.99 and a 200-day simple moving average of $2.11.

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.