West African Resources (OTCMKTS:WFRSF) Stock Price Down 5% – Should You Sell?

West African Resources Limited (OTCMKTS:WFRSF)’s share price fell 5% during mid-day trading on Wednesday . The stock traded as low as $1.91 and last traded at $1.91. 1,180 shares were traded during trading, a decline of 87% from the average session volume of 9,077 shares. The stock had previously closed at $2.01.

West African Resources Stock Down 24.9%

The stock has a fifty day moving average of $2.28 and a 200-day moving average of $1.79.

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.