West African Resources (OTCMKTS:WFRSF) Trading 5.6% Higher – Should You Buy?

West African Resources Limited (OTCMKTS:WFRSFGet Free Report) shares traded up 5.6% during trading on Monday . The company traded as high as $2.55 and last traded at $2.55. 25 shares traded hands during trading, a decline of 100% from the average daily volume of 6,309 shares. The stock had previously closed at $2.4149.

West African Resources Price Performance

The firm’s 50 day moving average is $2.18 and its 200-day moving average is $2.12.

About West African Resources

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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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