West African Resources Limited (OTCMKTS:WFRSF – Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 298,760 shares, a growth of 279.5% from the September 15th total of 78,733 shares. Based on an average daily volume of 5 shares, the days-to-cover ratio is currently 59,752.0 days.
West African Resources Price Performance
Shares of WFRSF stock opened at $2.03 on Tuesday. The stock’s 50 day simple moving average is $2.30 and its 200 day simple moving average is $2.16. West African Resources has a twelve month low of $0.75 and a twelve month high of $3.46.
West African Resources Company Profile
West African Resources Limited is an Australian gold mining company focused on the exploration, development and operation of gold projects in Burkina Faso, West Africa. The company produces gold doré, an intermediate product that is refined into bullion, for sale to international precious-metals markets.
The company’s principal operating asset is the Sanbrado Gold Operation in Burkina Faso. Sanbrado is a combined open-pit and underground mining complex that began commercial production in 2020.
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