Short Interest in West African Resources Limited (OTCMKTS:WFRSF) Rises By 87.4%

West African Resources Limited (OTCMKTS:WFRSFGet Rating) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 1,164,200 shares, an increase of 87.4% from the August 15th total of 621,200 shares. Based on an average daily volume of 3,000 shares, the short-interest ratio is presently 388.1 days.

West African Resources Price Performance

Shares of WFRSF stock opened at $0.73 on Wednesday. West African Resources has a fifty-two week low of $0.65 and a fifty-two week high of $1.15. The stock’s 50-day moving average is $0.86 and its two-hundred day moving average is $0.89.

About West African Resources

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West African Resources Limited engages in the acquisition, exploration, and development of gold projects in West Africa. The company has 90% interests in the Sanbrado Gold Project covering an area of 116 square kilometers located in Burkina Faso; and Kiaka gold project located in Burkina Faso. It also holds 100% exploration license in the Toega Gold Project located in Burkina Faso.

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