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

West African Resources Limited (OTCMKTS:WFRSF) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 1,036,500 shares, a decrease of 13.0% from the December 31st total of 1,190,900 shares. Based on an average daily volume of 1,900 shares, the days-to-cover ratio is presently 545.5 days.

West African Resources Trading Up 4.1 %

Shares of West African Resources stock opened at $1.04 on Friday. West African Resources has a 1-year low of $0.42 and a 1-year high of $1.35. The company’s fifty day simple moving average is $0.96 and its 200-day simple moving average is $0.97.

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.