Insider Selling: West African Resources Limited (ASX:WAF) Insider Sells 2,000,000 Shares of Stock

West African Resources Limited (ASX:WAF) insider Richard Hyde sold 2,000,000 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of A$1.32 ($0.87), for a total value of A$2,630,000.00 ($1,730,263.16).

West African Resources Price Performance

The company has a current ratio of 3.69, a quick ratio of 1.65 and a debt-to-equity ratio of 16.47.

About West African Resources

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.