Short Interest in West African Resources Limited (OTCMKTS:WFRSF) Declines By 32.0%

West African Resources Limited (OTCMKTS:WFRSF) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 726,900 shares, a decline of 32.0% from the August 15th total of 1,069,700 shares. Based on an average daily volume of 15,000 shares, the short-interest ratio is currently 48.5 days.

West African Resources Trading Down 3.9 %

OTCMKTS:WFRSF opened at $0.99 on Monday. West African Resources has a 52 week low of $0.40 and a 52 week high of $1.10. The company has a fifty day moving average of $0.90 and a 200 day moving average of $0.86.

West African Resources Company Profile

West African Resources Limited engages in the mining, mineral processing, acquisition, exploration, and project development of gold projects in West Africa. The company has 90% interests in the Sanbrado Gold Project located in Burkina Faso; and Kiaka gold project located in Burkina Faso. It also holds 100% owned exploration license in the Toega Gold Project located in Burkina Faso.