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

West African Resources Limited (OTCMKTS:WFRSF) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 878,400 shares, a decrease of 15.7% from the October 31st total of 1,042,400 shares. Based on an average daily volume of 11,500 shares, the short-interest ratio is currently 76.4 days.

West African Resources Stock Performance

Shares of OTCMKTS WFRSF opened at $0.91 on Friday. West African Resources has a 1 year low of $0.40 and a 1 year high of $1.35. The firm’s 50 day moving average price is $1.05 and its 200 day moving average price 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.